Shell in Early Talks to Acquire BP

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 25 June 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 25. Talks between Shell and rival BP are in their early stages, according to people familiar with the matter, but a tie-up would be the largest oil deal in a generation. WSJ reporter Ben Dummett discusses what each company would get out of a deal. Plus, Wall Street is panicking after Democratic Socialist Zohran Mamdani won the Democratic primary for New York City mayor. We hear from reporter Kevin Dugan about what Wall Street is worried about. And the war between Israel and Iran has revived China’s interest in a pipeline that would import Russian natural gas. WSJ foreign correspondent Georgi Kantchev weighs in on the geopolitical impact of such a move. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:20.5	You've bitten off a hell of a lot more than you can chew.
0:22.7	Brank what you will out.
0:23.5	Marvel Television's Ironhard.
0:25.4	Now streaming.
0:26.3	Only on Disney Plus.
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0:29.1	Deas and Cs and Cs Apply.
0:33.3	Shell is in early talks to acquire BP, a potential landmark combination of two multinational
0:39.4	oil giants. Plus, Wall Street is stunned over the upset in the primary election for New York
0:45.3	City mayor. People were expecting Cuomo to win, but it did not feel like very enthusiastic
0:52.5	support of Cuomo. When it comes to Mom Donnie, their concerns are primarily over taxes.
0:59.7	And why a cheap summer road trip could change consumers' minds about the economy.
1:04.4	It's Wednesday, June 25th.
1:06.5	I'm Alex Osala for the Wall Street Journal.
1:08.9	This is the PM edition of What's News, the top headlines and business stories that move the world today.
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