SHEL Stock Recent News

A denial from Shell PLC (LSE:SHEL, NYSE:SHEL) this morning of last night's Wall Street Journal report that the oil giant was holding "early stage" talks to acquire BP, has not stopped the buzz of speculation in the City of London on Thursday morning. After the UK market close on Wednesday, the Wall Street Journal reported that Shell was holding "early stage" talks to acquire BP, with the discussions described as "active" with BP "considering the approach carefully.

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".

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION FOR IMMEDIATE RELEASE THIS ANNOUNCEMENT IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”) 26 June 2025 Shell plc (“Shell”) statement re BP plc (“BP”) In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer. This is a statement to which Rule 2.8 of the Code applies and accordingly Shell confirms it has no intention of 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.

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.