Reported megamerger between supermajors would create British oil company worth more than £200bn
Shell is in early talks with BP over a historic £60bn deal that could create one of the world’s largest oil and gas companies, according to reports.
The so-called oil supermajors are reported to be in talks over a potential deal following speculation earlier this year that Shell was considering a bid for its struggling rival.
The reported megamerger, reported by the Wall Street Journal, would create a British oil company worth well over £200bn if it succeeded.
BP is worth almost £58bn and has long been marked by analysts as a potential takeover target after a string of disappointing financial results, scepticism over its green energy plans, and management turmoil that has seen its share price tumble.
