BP Plc has agreed to divest stakes in its US Permian and Eagle Ford assets to Sixth Street for $1.5 billion.
This strategic move reflects BP’s ongoing efforts to streamline its portfolio and focus on core operations. The sale will help the company unlock value from non-core assets while strengthening its balance sheet.
Sixth Street, a global investment firm, will acquire these interests, marking a significant investment in the US shale sector.
Further details on the transaction and its expected completion timeline will be announced in due course.
https://www.bloomberg.com/news/articles/2025-11-03/bp-to-sell-stakes-in-permian-eagle-ford-assets-for-1-5-billion