Shell doubles down on denials after media reports of early talks with rival BP to create £200bn UK oil company
Shell has said it has “no intention” of making an offer for the rival fossil fuel company BP after speculation it had been planning a £60bn takeover, ruling out a formal approach for the next six months.
In an official statement to markets on Thursday, the company doubled down on the previous day’s denials that it was planning a bid, following media reports that it was in early talks with its competitor to create a £200bn UK oil supermajor.
