Shell Says It Isn't in Talks to Take Over Oil Rival BP скачать в хорошем качестве

Shell Says It Isn't in Talks to Take Over Oil Rival BP

Bloomberg's Will Hares breaks down chatter around oil company Shell, after it denied a Wall Street Journal report it was interest in talks to take over rival BP. Hares says that despite the denial, there could be some future for a smaller deal between the companies. Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival BP Plc.  “This is further market speculation. No talks are taking place,” a Shell spokesperson said. BP surged as much as 10% in New York earlier on Wednesday on the report that it was in early-stage takeover talks with Shell. Shares of the company erased most of those gains to trade 1.2% higher as of 12:44 p.m. local time.  BP has been under intense pressure after years of poor performance and the intervention of activist shareholder Elliott Investment Management. A strategy “reset” announced in February by Chief Executive Officer Murray Auchincloss got a lukewarm reception, as analysts and investors questioned whether the company could achieve its goals of rising oil and gas production and improving returns.  -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake