BP has begun exploring acquisitions of U.S. shale assets, including Devon Energy's Eagle Ford business in South Texas, as CEO Meg O'Neill shifts the company toward oil and gas growth. BP entered Devon's data room in late August but ultimately walked away; the Eagle Ford position, valued between $3.5–$4.5 billion, produces roughly 77,000 barrels of oil equivalent per day and adjoins BP's existing Eagle Ford operations. The move marks a reversal from BP's recent asset-selling strategy, driven by higher oil prices and improving economics for shale development.