New York CNN —
Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP.
“This is further market speculation. No talks are taking place,” the company said in a statement Wednesday.
An agreement between the two rival oil corporations would be the largest oil deal in modern times, with BP valued around $80 billion, the WSJ reported. The report about a potential deal comes as geopolitical tensions threaten to jeopardize the broader oil and gas market.
“As we have said
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