The energy company said it would sell stakes in assets which are operated by its U.S. onshore oil and gas business BPX in the Permian and Eagle Ford basins.
BP said on Monday it would sell its non-controlling stakes in the Permian and Eagle Ford midstream assets of its U.S. onshore oil and gas business for $1.5 billion.
Citi has reiterated its buy rating on BP PLC (LSE:BP.) after the company released more details about its Bumerangue oil discovery offshore Brazil, which the bank believes could prove transformational.
The FTSE 100 Index has been in a strong bull run this year and is now trading at a record high of £9,760. It has jumped by 30% from its lowest point this year.
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