Morningstar

BP Sells 5% Stake in Aker BP for $1 Billion

Provided by Dow Jones Nov 5, 2026, 7:32:00 AM

By Adam Whittaker

British energy major BP said that it sold 5% of its stake in Norwegian oil and gas producer Aker BP for $1.06 billion.

BP said the proceeds will go toward cutting net debt and that it now expects full-year divestment proceeds to be around $9 billion, around $1 billion higher than previously guided for.

The U.K. company will continue to own a near 11% stake in Aker BP.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

November 05, 2026 02:32 ET (07:32 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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