BP Sells 5% Stake in Aker BP for $1.06 Billion
BP has sold a 5% stake in Norwegian oil and gas producer Aker BP for $1.06 billion to strengthen its balance sheet and simplify its portfolio.
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BP Sells 65% Stake in Castrol to Stonepeak for $6 Billion
BP has divested a 65% interest in its Castrol business to Stonepeak, with plans to use the $6 billion in proceeds to reduce debt.
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