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 Expects Weaker Fourth-Quarter Trading During Lower Market Volatility
BP reports record third-quarter underlying profit of $8.46 billion, beating estimates of $7.33 billion as higher oil prices and refining margins boosted earnings.
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