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Shell in Early-Stage Talks to Acquire BP in Potential $85 Billion Deal
Shell in Early-Stage Talks to Acquire BP in Potential $85 Billion Deal
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BTCCSquare news:
British Petroleum (BP) shares surged 8% following reports of preliminary acquisition discussions with oil giant Shell. The Wall Street Journal revealed active but slow-moving negotiations between the energy titans, though deal certainty remains low given the complexity of such a transaction.
Market reaction suggests investors view consolidation as strategically sound amid energy sector volatility. A successful deal WOULD create one of the largest energy conglomerates globally, with BP's current valuation nearing $85 billion.
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