BP p.l.c. BP agrees to divest 65% of its stake to Stonepeak creating a new joint venture in which BP will currently retain 35% stake. The leading integrated player has the option to sell this ...

The deal comes amid BP’s debt reduction plans and a target to reduce its net debt to between $14 billion and $18 billion by ...

The agreement is the oil company's most ambitious asset sale so far as it tries to cut debt and boost returns while scaling ...

BP p.l.c. accelerates debt reduction with a $20B divestment, refocusing on core assets. Click for this BP update as its sells ...

BP will sell 65% of Castrol to Stonepeak for $10.1 billion, generating $6 billion in net proceeds. The deal supports BP's strategy.

Bank of America analyst Christopher Kuplent warned that despite the headline cash inflow, the disposal leaves BP facing more than 10% downside to the company’s share price.

BP shares are undervalued, presenting an attractive risk profile, especially for dividend investors. The energy firm remained, despite a Q/Q drop in liquid price realizations, highly profitable. BP’s ...