Shell, however, denied talks were talking place. BP shares retreated and closed up 1.64% at $30.32. "This is further market speculation. No talks are taking place," a Shell spokesperson told CNBC.

“For now, any takeover of BP by Shell will be a 2026 story, and is unlikely to happen in 2025,” said Kathleen Brooks, research director for the XTB brokerage house.

How BP became a potential takeover target By , CNBC • Published June 29, 2025 • Updated on June 29, 2025 at 10:32 pm Log in or create a free profile to save articles BOOKMARKER ...

BP shares rise on takeover speculation; Shell denies By Spencer Kimball, CNBC • Published June 25, 2025 • Updated on June 25, 2025 at 3:08 pm Log in or create a free profile to save articles ...

Shell, however, denied talks were talking place. BP shares retreated and closed up 1.64% at $30.32. "This is further market speculation. No talks are taking place," a Shell spokesperson told CNBC.