4 hours ago
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US-listed shares of BP have risen sharply on a report of a possible takeover by its British rival Shell.
The Wall Street Journal, citing a number of sources, said that discussions were at an early stage but active.
The US publication added that BP was considering the approach.
Its story was published after the London Stock Exchange had closed for the day, but US-listed shares in BP were 10% up in New York while those for Shell were down.
In a statement, a Shell spokesperson said: "As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification."
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