Exxon Mobil May Have Interest In BP Purchase

Investing

Published: July 12, 2010 3:26 am

Exxon Mobil (NYSE: XOM) may make an offer to buy BP plc (NYSE: BP). The shares in the UK company are up 7% on the rumor.

BP may be in the process of selling some of its Prudhoe Bay properties to raise money, but there are still analysts that believe BP will file for bankruptcy if the flow of crude into the Gulf cannot be stanched.

Exxon would have to take on BP’s huge liabilities to make a purchase, which makes the rumor unlikely.

Douglas A. McIntyre

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps