BP Prudhoe Bay Royalty Trust announced that The Bank of New York Mellon Trust Company, N.A., as trustee, has commenced a sale process for the Trust assets. As previously disclosed, the Trust ...

BP (NYSE: BP) said the scope of planned sale includes more than 260 retail sites across Austria, its associated Austrian fleet business, electric vehicle charging assets including those under ...

BP said its new chairman will conduct a review of the entire portfolio and the company will seek to cut costs beyond its ...

The company is also open to partnering with other bidders to carve up any future sales. Adnoc’s interest centers on BP’s gas portfolio and fuel retailing business—not its oil production or ...

BP plans to divest its Austrian fuel and EV assets, including 260+ retail sites, as part of a $20B disposal program targeting a sales agreement by Q3 2025.

For XRG, which ADNOC launched last year, reports of interest in some of BP's assets come as the investment company seeks deals on gas and chemicals assets to help it reach an enterprise value of ...

The company said in its sales pitch that the Lightsource bp platform had 5.7 gigawatts of operational assets and was active in 19 markets, with more than 2 GW of assets constructed in 2024.

The deal means BP has now reached $35 billion, or more than 90%, of its targeted asset sale programme. It expects to reach the full total by the end of next year. Upstream is part of DN Media Group.

Sale of Trust Assets As previously disclosed, the Trust terminated at 11:59 PM on December 31, 2024, and the Trustee commenced the process of winding up the affairs of the Trust.

UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive. Stream Los ...