Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic ...

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

Mega oil and gas company Shell has rejected rumors that it may purchase struggling rival BP, hours after speculation around the mega-merger increased BP’s stock. Early reports on Wednesday saw ...

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.

See our analysis BP Valuation for more details on what’s driving our price estimate for the stock. Strategy Shift: Back to Black Gold BP’s strategy has seen sharp swings in recent years.

BP shares jumped more than 10% to a session high of $32.94 on a report in The Wall Street Journal that Shell was in early-stage talks to acquire BP.

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 .

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

BP’s failed four-year transition experiment has destroyed market credibility and value, says analyst. Read more at straitstimes.com. Read more at straitstimes.com.

(Reuters) -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.