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Benzinga
Benzinga
Business
Henry Khederian

UNCOVERED: Shell in talks to acquire bp in mega merger report - Caught on Camera

Shell.Oil

Shares of Shell PLC (NYSE:SHEL) are trading lower while BP PLC (NYSE:BP) shares are surging Wednesday afternoon following a Wall Street Journal report that the two British energy giants are in early-stage talks for a historic merger.

What To Know: The potential deal $80 billion deal, which would be the largest in the oil and gas sector in a generation, could create a European behemoth to rival American giants ExxonMobil and Chevron.

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