Shell denies reports that the energy giant is in talks to take over BP

Africanews (in English)

Shell denies reports that the energy giant is in talks to take over BP  The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter.  READ MORE : http://www.africanews.com/2025/06/26/shell-denies-reports-that-the-energy-giant-is-in-talks-to-take-over-bp  Subscribe on our Dailymotion channel and receive all the latest news from the continent.    Africanews is available in English and French.  Website : www.africanews.com  Facebook : https://www.facebook.com/africanews.channel/  Twitter : https://twitter.com/africanews

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00:00British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP.

00:08With a market value of $80 billion, the British oil giant has been making headlines lately, partly due to its underperformance.

00:16However, market analysts have said that a possible acquisition of the British company would be unusual,

00:22given the current regulatory environment's heightened scrutiny of large mergers.

00:26BP has also struggled to recover from the 2010 Deepwater Horizon disaster,

00:32which killed 17 workers and forced the company to pay billions of dollars for environmental damage in the Gulf of Mexico.

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