Shell Denies Rumors of Potential Merger with BP

Speculation over a possible merger between European oil giants Shell and BP has been circulating in the media, prompting Shell to address the rumors and set the record straight.

While discussions of a Shell-BP merger are not uncommon in the offshore energy industry, the latest rumors have once again brought the topic to the forefront, particularly amidst expectations of increased consolidation in the energy sector.

According to recent reports, Shell is taking a cautious approach and monitoring oil and stock prices, with the company’s market capitalization currently exceeding that of BP.

In a statement to Offshore Energy in February 2025, a Shell spokesperson emphasized that the company is not actively pursuing any significant acquisitions, citing its own shares as an attractive investment opportunity.

Addressing the recent surge in merger speculations, Shell clarified that it has no plans to make an offer for BP and has not engaged in any discussions with the rival company regarding a potential merger.

Reiterating its commitment to delivering value while reducing emissions, Shell stated: “We remain focused on achieving more value with fewer emissions through performance, discipline, and simplification.”

Meanwhile, Shell recently secured exploration rights for offshore blocks in Brazil as part of the 5th Permanent Concession Offer Cycle, further solidifying its presence in the global energy market.