BP's Asset Disposals Are Progressing -- Market Talk
Dow Jones
Jun 05, 2025
0806 GMT - BP's sale of Castrol is now in its second phase and the U.K. energy company has signed a number of nondisclosure agreements with interested parties, Citi analysts write. The analysts spent a day with BP's finance chief Kate Thomson in investor meetings. BP might launch the sell down of LightSource BP by the end of the second quarter, they add. The company said there is a credible pathway to hitting debt-reduction targets in 2026 via asset sales, they say. Shares trade up 0.2% at 359.35 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 05, 2025 04:07 ET (08:07 GMT)
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