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BP Sells $1.5B in US Midstream Assets Ahead of Q3 Earnings

BP Sells $1.5B in US Midstream Assets Ahead of Q3 Earnings

Author:

Global Cryptocurrency

Published:

2025-11-03 12:34:02

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BTCCSquare news:

BP PLC has agreed to sell stakes in U.S. midstream assets for $1.5 billion to funds managed by Sixth Street, retaining majority interests in Permian Basin and Eagle Ford operations. The MOVE advances the energy giant's $20 billion divestment program amid activist investor pressure to prioritize core oil operations over renewable energy investments.

Shares ROSE 0.52% in London trading as markets anticipate Tuesday's earnings release. The transaction exemplifies the oil sector's broader portfolio optimization trend, with BP maintaining 51% ownership in Permian assets and 25% in Eagle Ford holdings post-sale.

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