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WSJ Minute Briefing

Shell in Early Talks to Acquire Oil Rival BP

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1670 Ratings

🗓️ 25 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Defense Secretary Pete Hegseth says the FBI is probing the leak of an intelligence report about U.S. strikes on Iran’s nuclear facilities. Bumble cuts 30% of its workforce. Ariana Aspuru hosts.  Sign up for WSJ’s free What’s News newsletter.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Iron Hard has arrived on Disney Plus.

0:02.9

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0:20.5

You've bitten off a hell of a lot more than you can chew.

0:22.7

Dr. Uncle chew a lot.

0:23.5

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0:25.4

Now streaming.

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0:27.7

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0:29.1

Deas and Cs and Cs Apply.

0:34.7

Here's your midday brief for Wednesday, June 25th. I'm Mariana Aspuru for the Wall Street Journal.

0:40.5

We are exclusively reporting that Shell is in early talks to acquire BP in what would be the largest oil deal in a generation.

0:48.4

That's according to people familiar with the matter. It would be a landmark combination of two so-called super major oil companies, a group of

0:56.2

multinational behemoths that dominate the production of the world's most important energy sources.

1:01.9

A shell spokesman said they are sharply focused on capturing the value in shell. A BP spokesman

1:07.5

declined to comment. The Trump administration has pushed back on a leaked intelligence report that said the U.S. strikes on Iran's nuclear facilities only set back to Iran's nuclear ambitions by a few months.

1:18.7

Speaking to reporters at the NATO summit in the Netherlands, defense secretary Pete Hegeseth said that the FBI started a probe into how the preliminary intelligence assessment

1:28.0

became public.

...

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