Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over its rival company BP.

Shell denied that it was in talks to buy BP after the Wall Street Journal reported Wednesday that the oil major was in early discussions over a takeover of its British rival.

Shell denies reported talks to acquire BP in potential mega oil merger By Rachel Nostrant, Staff writer Updated June 25, 2025 1:59 p.m.

Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival.

BP’s stock rallied on Wednesday, and shares of Shell fell, after the Wall Street Journal reported the two companies were holding merger talks.

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British oil giant Shell is denying reports that it is in talks to buy rival BP. The Wall Street Journal on Wednesday said Shell was holding “early stage talks," to acquire its smaller rival, citing ...

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