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Shell said he had “no intention” to make an offer of rival BP after months of speculation on a possible historical link between the two largest oil companies in the United Kingdom.
In a statement on Thursday, Shell said he did not intend to make an offer but reserved the right to do so BP had received an offer from another party.
On Wednesday, Shell denied that he was in talks to acquire BP after a report by the Wall Street Journal that the two companies were at the start of a negotiation on an agreement to create a global energy group worth more than 200 billion pounds Sterling.
In his statement Thursday, Shell added that he “had not actively considered making an offer for BP and confirms that he did not approach, and that no discussion took place with BP with regard to a possible offer”.
The CEO of BP, Murray Auchincloss, undergoes intense pressure to relaunch the fortune of the major oil after an aggressive thrust in renewable energies.
His Shel counterpart, Wael Sawan, previously expressed little public interest in pursuing a control of his rival, telling the FT in May that he preferred to buy Shell’s own actions to use the money on a BP agreement.
It’s a story in development
