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.

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code. According to the company, no talks ...

Shell outperformed Wall Street targets for the second quarter of 2025, but the company’s actual earnings still fell sharply ...

“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.

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.

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 ...