TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

BP Unlocks $1.5 Billion As It Accelerates $20 Billion Asset Sale Goal

Benzinga Logo Benzinga By Lekha Gupta
BP Unlocks $1.5 Billion As It Accelerates $20 Billion Asset Sale Goal

BP sold non-controlling stakes in midstream assets to Sixth Street for $1.5 billion, reducing ownership in Permian and Eagle Ford midstream assets while maintaining operational control, as part of its broader $20 billion divestment strategy.

Insights
MERpK   positive

First Investor Day in 14 years, recent earnings beat, and potential for optimistic outlook on consumer banking and economic trends


BP   neutral

The company is strategically selling assets to release capital and meet divestment goals, indicating a proactive portfolio management approach without clear positive or negative market implications