{"id":14715,"date":"2025-06-26T07:54:28","date_gmt":"2025-06-26T07:54:28","guid":{"rendered":"https:\/\/infundpros.com\/?p=14715"},"modified":"2025-06-26T07:54:31","modified_gmt":"2025-06-26T07:54:31","slug":"shell-says-it-has-no-intention-of-making-offer-for-bp","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=14715","title":{"rendered":"Shell says it has \u2018no intention\u2019 of making offer for BP"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=755b4ddd-23d9-4f30-aafb-32c9c36e92c6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Shell said that it has \u201cno intention\u201d of making an offer for rival BP following months of speculation about a possible landmark tie-up between the UK\u2019s two largest oil companies.<\/p>\n<p>In a statement on Thursday, Shell said that it \u201chas not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer\u201d.<\/p>\n<p>The declaration from Shell followed a report by the Wall Street Journal on Wednesday that the companies were in early stage negotiations about a deal to create a global energy group worth more than \u00a3200bn.<\/p>\n<p>Shell had issued a brief statement on Wednesday denying it was in takeover talks, but on Thursday the company added that it remained focused on \u201cdelivering more value\u201d through improving the group\u2019s performance and simplifying the business.<\/p>\n<p>Following Shell\u2019s announcement on Thursday, London stock market rules prohibit the group from making an offer for BP for six months except in certain circumstances.<\/p>\n<p>Shell said it reserved the right to make a bid within the next six months in the event BP received a bid from another party, BP encouraged it to do so, or \u201cthere is a material change of circumstances\u201d.<\/p>\n<p>Shares in BP rose 0.5 per cent in early trading on Thursday while Shell\u2019s stock was up 0.6 per cent.<\/p>\n<p>BP chief executive Murray Auchincloss is under intense pressure to revive the fortunes of the oil major after an aggressive push into renewable energy backfired.<\/p>\n<p>His counterpart at Shell, Wael Sawan, has previously expressed little public interest in pursuing a takeover of its rival, telling the Financial Times in May that he preferred to buy back Shell\u2019s own shares than to use the money on a deal for BP.<\/p>\n<p>Shell has spent at least $36bn on buying back its shares over the past three years, during which time its share price has outperformed BP by more than 30 per cent.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/755b4ddd-23d9-4f30-aafb-32c9c36e92c6\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Shell said&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-14715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shell says it has \u2018no intention\u2019 of making offer for BP | inFundPros<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shell said that it has \u201cno\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=14715\" \/>\n<meta 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