Oil giant BP quietly steps out of the takeover spotlight
1. BP shares rose over 32% since early April after a strategic reset. 2. Recent oil discoveries, including in Brazil, boost BP's growth prospects. 3. Activist investor Elliott pressures BP for improved cash flow and returns. 4. BP's debt remains a concern, with net debt at $26.04 billion. 5. Shell's interest in acquiring BP has reportedly cooled down.