BP's stock price jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in ...

Shell has denied it is in talks with BP over a possible takeover of its smaller rival. The Wall Street Journal, citing a number of sources, reported on Wednesday evening that discussions between ...

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six ...

Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the ...

Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic shift might be due for reevaluation. With ...

By declaring that it has no intention to bid for BP, Shell said that it is bound by the relevant UK regulations on takeovers. According to the applicable Rule 2.8 of the UK's City Code on ...

A BP spokesperson declined to comment on the WSJ report. The latest in a series of rebuttals by Shell follows recent repeated assertions by CEO Wael Sawan that Shell had a very high bar for big ...

Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the ...

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British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP. “In response to recent media speculation Shell wishes to clarify that it has not been actively ...

Interestingly, BP chose not to invest in Kuwait, claiming it already had too much oil under its control. Shell, however, has stated it has no intention of making a takeover offer for BP and has denied ...