Published by Global Banking & Finance Review®
Posted on June 25, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleShell denies WSJ report of BP takeover talks, stating focus on performance and simplification amid market speculation.
LONDON (Reuters) -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.
“This is further market speculation," a Shell spokesperson said. "As we have said many times before we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification."
(Reporting by Shadia Nasralla. Editing by Jane Merriman)
Shell stated that 'no talks are taking place' regarding a takeover of BP, dismissing the rumors as market speculation.
The Wall Street Journal reported the initial news, citing unnamed sources about the discussions between Shell and BP.
According to a Shell spokesperson, the company is focused on capturing value through performance and development, rather than pursuing acquisitions.
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