Shell Chief Executive Peter Voser told a German newspaper that the company had considered trying to acquire BP in the past two years, according to a Reuters report.
Voser declined to say whether Shell was currently interested in BP, but he added that the company had considered making a bid for the British oil giant in the past, according to Reuters.
“I can’t imagine that there is anybody in our industry who did not look into this scenario,” he told Frankfurter Allgemeine Zeitung, according to Reuters. “At the end of the day we are all business people.”
BP lost 50 percent of its value in the aftermath of the Deepwater Horizon disaster, the worst offshore oil spill in U.S. history.
In the months following, analysts wondered whether Exxon, Chevron or Shell might make a bid for BP, according to The Atlantic. However, experts said the uncertainty of legal liabilities would make a takeover unlikely.
Since then, the British company’s stock price has slowly regained some of its value. The current stock price is above $40, or roughly $20 less than it was before the Macondo oil spill.
BP has also reached civil and criminal settlements over the Macondo oil spill.
The increased stock price and settlements have spurred new questions about whether BP might be bought by another oil giant, Bloomberg reported last month.