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

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

Shell has formally denied any intention to bid for BP, dismissing recent media speculation about a potential merger between the two UK-based energy giants.

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

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

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.