
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.