Shell Rejects $80 Billion BP Takeover Rumors, Calming Energy Market Speculation
Shell Rejects $80 Billion BP Takeover Rumors, Calming Energy Market Speculation In a significant development that has reverberated through the global energy sector, British multinational oil and gas giant Shell has officially denied being engaged in early-stage discussions to acquire rival British Petroleum (BP). The denial comes in response to earlier market reports suggesting a potential mega-merger that could have seen Shell take over BP, currently valued at approximately $80 billion. Such a colossal deal, if it had materialized, would…