Yahoo Finance | EN590 Commodities
EN590 Commodities GroupCrude Oil 2026-07-31T08:40:00+00:00
BP on Fridaylauncheda process to market its North Sea business as the UK-based supermajor looks to simplify its portfolio and invest in high-return projects. The formal launch of a potential sale comes after months ofspeculationthat BP would be divesting part or all of its operations in the UK North Sea to focus on reserve growth and long-term production opportunities outside the UK. "The decision forms part of bp's ongoing portfolio review and reflects its disciplined approach to capital allocation – all in service of creating a simpler, stronger and more valuable company," the supermajor said in a statement today. "The North Sea remains integral to the UK's energy system. However, as we focus our portfolio and direct capital to our highest-value opportunities, we believe our North Sea bu
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