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 CEO Says It Has Been Challenging To Find Good Buyer For Lightsource BP; Says Very Pleased With Offers On U.K. North Sea Portfolio, Expect To Move Forward Faster Than On Lightsource BP; Says There May Be Moments In Hybrid Market Where It Is Sensible To Contemplate Buying Back Hybrids In Advance Of Maturity Dates
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