LONDON (Reuters) -Shell said on Wednesday that “no talks are taking place” after a Wall Street Journal article cited unnamed sources saying Shell was in early discussions to take over rival BP. “This is further market speculation,” a Shell spokesperson said. “As we have said many times before we are sharply focused on capturing the […]
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Shell says ‘no talks are taking place’ after WSJ reports BP takeover discussions
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LONDON (Reuters) -Shell said on Wednesday that “no talks are taking place” after a Wall Street Journal article cited unnamed sources saying Shell was in early discussions to take over rival BP.
“This is further market speculation,” a Shell spokesperson said. “As we have said many times before we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification.”
(Reporting by Shadia Nasralla. Editing by Jane Merriman)