BP Stock Recent News

Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months.

Shell PLC (LSE:SHEL, NYSE:SHEL) has rebuffed a Wall Street Journal report that it has been in talks about potentially buying fellow oil heavyweight BP PLC (LSE:BP.). After the WSJ reported on Wednesday that "early stage talks" had taken place, the FTSE 100 and New York-listed oil group said it has "not been actively considering making an offer for BP".

Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants, before giving back their gains.

Paul Sankey, Sankey Research, joins 'Power Lunch' to discuss Sankey's take on reports of Shell's potential acquisition of BP.

BP stock soared on reports that it is in discussion with Shell for the biggest industry merger in more than two decades.

Shell PLC (LSE:SHEL, NYSE:SHEL) is in early-stage talks to acquire its rival BP PLC (LSE:BP.) in what would be the largest oil deal in decades, according to a Wall Street Journal report.

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.

Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants.

Reported megamerger between supermajors would create British oil company worth more than £200bn

CNBC's Brian Sullivan joins 'Money Movers' to discuss reports of early talks for Shell to acquire BP.