1024 GMT - Shell appears unlikely to bid for British peer BP after restrictions on its ability to do so expire on Dec. 26, AJ Bell's Russ Mould writes, after a report from the Financial Times Tuesday said that Shell's head of mergers departed after CEO Wael Sawan blocked a bid for its rival. If the reports are accurate, it hints that Shell is unlikely to make a move, Mould says. Combining the two business, plus absorbing BP's considerable debt, could have potentially derailed Sawan's efforts to drive Shell forward, he adds. Shell's shares are down 1.1% at 2,669 pence and BP's are down 0.9% at 433.55 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
December 16, 2025 05:24 ET (10:24 GMT)
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