Shell responds to rumours of plans to acquire BP

Multinational

LONDON, June 26, 2025 – Shell said on Thursday it is not actively considering an offer to acquire fellow energy giant BP and has not held any discussions with the company.

The statement was issued in response to media speculation and complies with Rule 2.8 of the UK City Code on Takeovers and Mergers, which bars Shell from pursuing an offer unless specific circumstances arise.

“We remain focused on delivering more value with less emissions through performance, discipline and simplification,” Shell said.

Shell has recently expanded its portfolio through a series of strategic acquisitions aimed at bolstering its LNG, upstream and retail operations. In 2025, it acquired Singapore-based Pavilion Energy, gaining LNG trading capabilities and infrastructure in key global hubs. It also purchased a greater stake in the Ursa oil platform in the Gulf of Mexico from ConocoPhillips for USD 735 million, reinforcing its deepwater assets.

In the US power sector, Shell took over RISEC Holdings and its 609-MW gas-fired power plant in Rhode Island, strengthening its energy supply footprint. Additionally, it acquired Brewer Oil Company to establish a retail presence in New Mexico.

Photo of CEO Wael Sawan courtesy of Shell

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