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| Name | Symbol | Market | Type |
|---|---|---|---|
| BP Plc | NYSE:BP | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.10% | 38.71 | 38.74 | 38.11 | 38.48 | 8,071,028 | 01:00:00 |
From May 2019 to May 2024
By Anthony O. Goriainoff
BP PLC said on Monday that it will sell a 20% participating interest in Oman's Block 61 to Thailand's PTT Exploration and Production Public Co. for $2.6 billion.
The U.K. energy company said the deal is expected to complete this year, and that following completion it will remain operator of the block, holding a 40% interest.
BP said it was targeting divestment proceeds of $25 billion by 2025.
"We are committed to BP's business in Oman - this agreement allows us to remain at the heart of this world-class development while also making important progress in our global divestment program," Chief Executive Bernard Looney said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
February 01, 2021 01:58 ET (06:58 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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