BP and Shell in Merger Rumors Amid Market Speculation
TL;DR Summary
BP's stock surged on reports that Shell is in early talks to acquire BP in a deal potentially the largest since the Exxon Mobil merger, though Shell denied ongoing negotiations. The news caused volatility in oil stocks, with BP and Shell experiencing significant price movements amid a broader rebound in oil prices and ongoing industry consolidation.
- BP Stock Takes Off On Possibility Of Largest Deal Since The Exxon Mobil Merger Investor's Business Daily
- Exclusive | Shell in Early Talks to Acquire Rival BP WSJ
- BP shares rise on takeover speculation; Shell denies CNBC
- What we know about Shell’s possible BP megamerger Baton Rouge Business Report
- Shell Says It Isn’t in Talks to Take Over Oil Rival BP Bloomberg.com
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