$BP · BP PLC
BP executed the sale of 5% of its 15.9% shareholding in Aker BP at NOK 311 per share, raising gross proceeds of approximately NOK 9.83 billion ($1.06 billion). Following the sale, BP holds 68.7 million shares, an approximate 10.9% interest, with a 90-day lock-up on the remainder. Proceeds go toward strengthening BP's balance sheet, and BP raised its full-year 2026 divestment and other proceeds guidance to around $9 billion, about $1 billion higher than previously guided.
- Sold 5% of its 15.9% Aker BP stake at NOK 311 per share.
- Gross proceeds of approximately NOK 9.83 billion ($1.06 billion).
- BP retains 68.7 million shares, an approximate 10.9% interest, with a 90-day lock-up.
- FY2026 divestment and other proceeds guidance raised to around $9 billion, up ~$1 billion.
- Proceeds earmarked to strengthen BP's balance sheet.
Markets closed — no regular-session reaction yet; extended-hours last trade $46.27 (+1.45% vs regular close) suggests a mildly positive read on the balance-sheet strengthening.
BP is monetizing a non-core stake and raising divestment guidance, signaling accelerated balance-sheet repair.
The sale monetizes a non-core Norwegian E&P stake as BP prioritizes balance-sheet strength amid its "simpler, stronger, more valuable" restructuring.
_Not applicable._