12:25 PM EDT, 06/25/2025 (MT Newswires) -- (Updates with BP share movement in headline and first paragraph.)

BP (BP) shares were up over 4% in recent Wednesday trading after the Wall Street Journal reported, citing people familiar with the matter, that Shell (SHEL) was engaged in early talks to acquire the company.

Representatives from both companies are engaged in active talks, and BP is carefully considering the approach, the people reportedly told The WSJ.

Shell and BP did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 69.00, Change: -1.15, Percent Change: -1.63