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Shell Dismisses BP Takeover Speculation, Rules Out Offer for Six Months

By  |  June 26, 2025

Shell has firmly denied any plans to acquire rival oil giant BP, following days of market speculation surrounding a potential £60 billion deal. In a formal statement released Thursday, the company stated it has “no intention” of making an offer, effectively ending any possibility of a formal bid for at least six months.

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    The clarification comes after media reports earlier in the week suggested Shell was exploring preliminary discussions to merge with BP in what would have formed a UK-based energy powerhouse valued at around £200 billion. Per a statement from Shell, the company reaffirmed that no such conversations are taking place, and reiterated earlier denials made the previous day.

    According to the statement, Shell wanted to “set the record straight” amid the mounting speculation and ensure transparency with investors and the market. The declaration triggers a provision under UK takeover rules, preventing Shell from pursuing a formal acquisition approach toward BP for a half-year period unless certain conditions are met.

    Per the same statement, Shell’s decision to address the matter formally reflects the seriousness with which it treats market rumors and its commitment to clear communication. The move aims to provide stability and clarity for shareholders and stakeholders in both companies amid fluctuating energy sector dynamics.

    Source: The Guardian