BP p.l.c. (NYSE:BP) shares are trading higher after United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) considered buying the company. However, this deal did not progress beyond preliminary discussions, reported Reuters, citing people familiar with the matter. ADNOC decided that BP would not be the right fit for its strategy, and political considerations also weighed on the potential move. As per the report, BP has underperformed its competitors for ...