Reported about 9 hours ago
BP Plc has agreed to sell its non-controlling interests in US shale assets to Sixth Street for $1.5 billion as part of its efforts to improve its balance sheet and regain investor trust. The deal includes four Permian central processing facilities and will see BP retain majority ownership in its US onshore oil and gas business. With a target to divest $20 billion in assets by 2027, BP aims to enhance profitability and respond to shareholder pressures.
Source: YAHOO