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 ...

BP shares 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 early ...

British oil and gas giant Shell Plc has quashed a rumor: It’s not buying BP Plc. But last week’s forceful denial doesn’t address why the M&A chatter gained so much traction, which has less ...

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 ...

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 ...

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 ...

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 ...

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 said on Wednesday that "no talks are taking place" after a Wall Street Journal article cited unnamed sources saying Shell was in early discussions to take over rival BP .

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 ...

British oil major Shell said Wednesday it was not in talks with BP to acquire its rival, after the Wall Street Journal reported there had been preliminary discussions.