Reported megamerger between supermajors would create British oil company worth more than £200bn
CNBC's Brian Sullivan joins 'Money Movers' to discuss reports of early talks for Shell to acquire BP.
BP shares surged nearly 7% on the news.
BP's stock rallied on Wednesday, and shares of Shell fell, after the Wall Street Journal reported the two companies were holding merger talks.
BP shares jump 8% on report it is in early-stage talks to be acquired by Shell
Discussions are progressing ‘slowly,' The Wall Street Journal reports.

Shell in early talks to buy BP, WSJ reports

11:46am, Wednesday, 25'th Jun 2025
Shell is in early talks to buy rival BP in a deal worth roughly $80 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter

Shell in Early Talks to Acquire Rival BP

11:36am, Wednesday, 25'th Jun 2025
A deal for BP, worth roughly $80 billion, would be a landmark combination of two supermajor oil companies.
Markets remained volatile in May 2025 amid ongoing trade tensions and mixed signals from Washington and Wall Street. While U.S.-China talks quietly resumed, tariffs persisted and business sentiment st
BP has been the subject of takeover talks for several years due to its shares' relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its marke
Gimi FLNG ramps up LNG output to 2.4 mtpa, equivalent to 90% of the unit's nameplate capacity, at the BP-operated GTA project.
Oil prices plunged on Tuesday after Israel and Iran agreed a ceasefire, sending shares in oil heavyweights BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) tumbling.
BP (BP) closed the most recent trading day at $30.32, moving 2.98% from the previous trading session.
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