What To Know: According to Bloomberg, Shell is evaluating a potential acquisition of BP, but waiting for further stock and oil price declines before making a final decision. Other companies are also reportedly evaluating whether to pursue an acquisition of BP.

BP Plc rose on Monday after Bloomberg reported that Shell Plc is working with advisers to evaluate a potential acquisition of its UK rival.

Shell is reportedly assessing the possibility of a potential acquisition of BP, reported Bloomberg, citing people familiar with the matter. The company is monitoring stock and oil price trends before making a move.