BP shares soar on report of Shell takeover talks

US-listed shares of BP person risen sharply connected a study of a imaginable takeover by its British rival Shell.

The Wall Street Journal, citing a fig of sources, said that discussions were astatine an aboriginal signifier but active.

The US work added that BP was considering the approach.

Its communicative was published aft the London Stock Exchange had closed for the day, but US-listed shares successful BP were 10% up successful New York portion those for Shell were down.

In a statement, a Shell spokesperson said: "As we person said galore times before, we are sharply focused connected capturing the worth successful Shell done continuing to absorption connected performance, subject and simplification."

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