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BP Plc to reopen office in Libya by 2025, signs agreement with NOC for new exploration opportunities. Shell also involved in ...
Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic shift might be due for reevaluation. With ...
BP's stock price rose while Shell shares slid on news that the companies are in early talks over a potential merger.
Shell plc is a textbook Hold: fair valuation, solid buybacks, and a decent dividend, but no major upside or hidden value from BP p.l.c. merger rumors. Both Shell and BP are prioritizing cash flow ...
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.
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.
A theoretical Shell-BP combination would carry debt and antitrust issues while requiring greater layoffs and divestments.
Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over its rival company BP.
A report suggesting multinational oil company Shell is in early talks to acquire fellow gas giant BP sent shockwaves through Houston's energy industry Tuesday—but Shell is firmly denying any ...
The statement from the U.K.-based oil giant came after The Wall Street Journal reported Wednesday that Shell was holding early-stage talks to acquire BP.
BP’s stock rallied on Wednesday, and shares of Shell fell, after the Wall Street Journal reported the two companies were holding merger talks.
LONDON (AP) — British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP.
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