Shell said it is not holding any talks about a possible merger with its rival BP. The deal, if it happened, could cost over $80 billion and be the biggest energy merger in decades, according to the several media reports.
"No talks are taking place. 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," a Shell spokesperson reportedly said.
The denial came just after a Wall Street Journal report claimed that Shell was in early discussions to buy BP, a rumor that's been circulating for some time.
As of Wednesday, BP had a market capitalization of approximately $82 billion, while Shell's market capitalization stood at over $212 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.