Shell Rebuffs BP Takeover Reports Amidst Market Volatility
Shell Rebuffs BP Takeover Reports Amidst Market Volatility Oil major Shell has swiftly moved to quash widespread market speculation, categorically denying reports that it is engaged in early discussions to acquire rival energy giant BP. The firm denial came in a statement Wednesday, directly addressing a Wall Street Journal report that had sent shockwaves through the market. “This is further market speculation. No talks are taking place,” Shell stated unequivocally on Wednesday. This sentiment was echoed in a separate statement…