Back to News
Nov 3, 2025 8:00 AM

BP Unlocks $1.5 Billion As It Accelerates $20 Billion Asset Sale Goal

British oil and gas major BP p.l.c. (NYSE:BP) on Monday announced the sale of its non-controlling stakes in midstream assets to a private investor for $1.5 billion.

Details

The deal is structured in two installments: approximately $1 billion at signing and the remainder expected by year-end, subject to regulatory approval.

The non-controlling interests in BPX Energy's Permian and Eagle Ford midstream assets will be transferred to funds managed by Sixth Street, while BPX will continue to operate all the assets.

Also Read: BP Just Approved A $5 Billion Oil Project

The assets include BPX's pipelines and facilities in both basins, along with four Permian ...