The U.K. government told BP PLC that it would oppose any potential foreign takeover of the company because it wants the oil giant to remain a British company with global clout. With a market cap of more than $132 billion, BP would be a huge takeover target—and a big bite for even its largest rivals. But amid today’s low oil prices, speculation has swirled over possible deal making. Earlier this month, Royal Dutch Shell PLC reached a deal to buy UK-based BG Group PLC for some $70 billion. A British government official said Sunday that the U.K. government told BP it would intervene to prevent any foreign takeover bid of BP, one of the world’s biggest oil companies. It would also seek to prevent a takeover from […]