Shell and BP in Talks for Potential Merger Amid Market Speculation
TL;DR
BP's stock surged 7% and Shell's fell 3% following a Wall Street Journal report that the two companies are in early-stage merger discussions, potentially involving a stock swap and possibly some cash, which could create the largest oil and gas producer by volume. However, Shell denied active talks, and BP has not commented, amid ongoing strategic shifts and investor concerns about profitability.
- BP’s stock jumps on Wall Street Journal report of Shell deal talks. Here’s how the deal could work. MarketWatch
- Exclusive | Shell in Early Talks to Acquire Rival BP WSJ
- What we know about Shell’s possible BP megamerger Baton Rouge Business Report
- BP shares rise on takeover speculation; Shell denies CNBC
- Shell denies reports it is in talks to take over BP CNN
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