BP to sell Gulf of Mexico assets worth £3.4bn

clock • 1 min read

BP has moved to offload a chunk of its oil and gas fields in the Gulf of Mexico in a deal worth $5.5bn (£3.4bn), as the oil major continues to raise cash to cover the cost of the catastrophe in 2010.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Evenlode's Chris Elliott: AI narrative creates generational opportunity in quality stocks

Evenlode's Chris Elliott: AI narrative creates generational opportunity in quality stocks

The extraordinary performance of a narrow group of AI-linked companies has been impossible to ignore.

Chris Elliott
clock 03 September 2026 • 5 min read
Hargreaves Lansdown's Derren Nathan: Three megatrends that gave stock pickers their moment

Hargreaves Lansdown's Derren Nathan: Three megatrends that gave stock pickers their moment

Beyond the theme

Derren Nathan
clock 02 September 2026 • 5 min read
Longview Partners' Alex Philipps: Managers must not abandon patience premium

Longview Partners' Alex Philipps: Managers must not abandon patience premium

Long-term investing ‘unfashionable’

Alex Philipps
clock 26 August 2026 • 4 min read
Trustpilot