Shell denies takeover talks with BP after WSJ report, focusing on performance and share buybacks.

From Yahoo Finance: 2025-06-25 11:46:00

Shell denies talks of buying BP after Wall Street Journal report. CEO emphasizes focus on performance and share buybacks over acquisitions. BP’s stock underperformance sparks takeover rumors, but analysis shows it may not be as cheap as perceived. Potential deal details unknown, but breakup of BP possible if acquisition happens. BP’s shares down 23% in past year, Shell up 8%, Exxon down 4%, Chevron down 10%.

Read more: Shell denies it is in takeover talks with BP after WSJ report