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Shell has doubled down on denials that it is in talks over a spectacular takeover of fellow oil and gas giant BP, which would create an offshore wind superpower despite the two supermajors both ...
Would Shell and BP creating a £200bn oil behemoth be a good idea for anyone at all? Analysis: FTSE 100 pair have negated talk of a takeover and that looks the right call, writes Karl Matchett ...
City investment bankers have been floating the idea of a Shell-BP deal to create a London-based European oil champion on the scale of the American behemoths for some months.
News that Shell and BP were involved in tie-up talks on Wednesday reignited chatter about the potential for an oil industry megamerger on a scale unseen since the 1990s. But analysts consulted by ...
UK supermajor Shell has denied latest media reports it is actively circling compatriot BP and could be poised to make a takeover bid. The Wall Street Journal on Wednesday reported that Shell is in ...
Is Shell a Good Stock to Buy Now? Even as Shell plays defense on the BP takeover narrative, investor sentiment around the stock remains decidedly bullish.
Interestingly, BP chose not to invest in Kuwait, claiming it already had too much oil under its control. Shell, however, has stated it has no intention of making a takeover offer for BP and has denied ...
• BP’s high debt burden is somewhat awkwardly split between $27 billion in net debt and $38 billion in additional liabilities, some of which still come from the 2010 Deepwater Horizon spill.
SHELL denied that it was in talks to buy BP after the Wall Street Journal (WSJ) reported on Wednesday that the oil major was in early discussions over a takeover of its British rival.
Shell yesterday left the door open to a future takeover bid for rival BP, even as it insisted it was not ‘actively’ considering an offer at present. The oil giant doubled down on its denial of ...
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 ...
A theoretical Shell-BP combination would carry debt and antitrust issues while requiring greater layoffs and divestments.
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