There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.

Shell's robust rejection of these reports appears to have, for now, thrown cold water on a potential takeover bid for BP.

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Shell has denied it. No plans to buy BP. No talks. Nothing to see. Still, when your biggest domestic rival has to publicly ...

Under pressure from an activist investor and a sagging share price, the CEO of energy giant BP pledges to return his company to its oil and gas roots and higher returns.

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had ...

Energy giant BP has been forced to postpone an investor presentation originally planned for New York as chief Murray Auchincloss needs more time to recover following a medical operation, signaling ...

The announcement means that Shell will not be able to make a formal takeover approach for BP for six months, under City rules ...

Shell, the massive oil company based in London, said Thursday it has “no intention” of buying out BP, after a report by The Wall Street Journal claimed Shell ...

BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure.

The striking part of the statement is that it was made under what is known as 2.8 of the UK City Code on takeover and mergers. That might seem dull, but in theory, it means Shell has barred itself ...