BP shares jumped Wednesday on a report that the oil major is in early stage talks to be acquired by Shell. People familiar with the matter told The Wall Street Journal that talks between BP and Shell ...

Shell's robust rejection of these reports appears to have, for now, thrown cold water on a potential takeover bid for BP.

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant ...

Bid speculation on BP has failed to mobilize the share price. After Shell was forced to deny an interest in launching a bid for fellow energy giant BP, which according to U.K. Takeover Panel protocols ...

A megamerger of this sort would vault Shell's market cap closer to ExxonMobil’s $468 billion and likely beyond Chevron’s $248 billion.

The announcement means that Shell will not be able to make a formal takeover approach for BP for six months, under City rules.

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...

BP shares jumped more than 10% to a session high of $32.94 on a report in The Wall Street Journal that Shell was in early-stage talks to acquire BP.

It is unlikely Shell would purchase the entirety of BP, people familiar with the matter told CNBC’s Brian Sullivan.