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Shell says 'no talks are taking place' after WSJ reports BP takeover discussions

Published by Global Banking & Finance Review

Posted on June 25, 2025

1 min read

· Last updated: January 23, 2026

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Shell says 'no talks are taking place' after WSJ reports BP takeover discussions
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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

Shell says 'no talks are taking place' after WSJ reports BP takeover discussions

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)

Key Takeaways

  • Shell denies any takeover talks with BP.
  • Wall Street Journal reported early discussions.
  • Shell focuses on performance and simplification.
  • Market speculation continues despite denial.
  • Shell spokesperson addresses the rumors.

Frequently Asked Questions

What did Shell say about the BP takeover discussions?
Shell stated that 'no talks are taking place' regarding a takeover of BP, dismissing the rumors as market speculation.
Who reported the initial news about the BP discussions?
The Wall Street Journal reported the initial news, citing unnamed sources about the discussions between Shell and BP.
What is Shell's current focus according to their spokesperson?
According to a Shell spokesperson, the company is focused on capturing value through performance and development, rather than pursuing acquisitions.

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