Shares of energy companies rose alongside oil futures. Oil rose for the second straight session in New York trading, closing at $65.24 a barrel, still a far cry from its peak during the height of the Israel-Iran war.
Shell could face opposition from some shareholders in a potential bid for rival BP, said analysts at research firm AJ Bell. The deal would be the largest oil patch merger since the 1999 tie-up between Exxon and Mobil.
Shell has denied Wall Street Journal reports that it's in early-stage talks with BP about an acquisition.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
June 26, 2025 17:12 ET (21:12 GMT)
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