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BP is evaluating the acquisition of US shale oil assets worth $2-5 billion, considering a bid for Devon Energy's Eagle Ford assets.
BP is evaluating acquisitions to expand its U.S. shale oil business, Reuters reported. The company has reportedly examined heavy oil shale assets valued between $2 billion and $5 billion and is considering a bid for Devon Energy's Eagle Ford assets. This move could significantly increase BP's exposure to U.S. onshore oil production.
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