BP(US:BP) Zhi Tong Cai Jing·2025-11-03 09:17Group 1 - BP has agreed to sell its non-controlling interests in U.S. shale assets to Sixth Street for $1.5 billion, aiming to improve its balance sheet and regain investor confidence [1] - The assets being divested include midstream interests in the Permian and Eagle Ford basins, with BPX Energy retaining 51% of the Permian assets and 25% of the Eagle Ford midstream assets post-transaction [1] - BP's CEO, Murray Auchincloss, is focused on asset divestiture to reverse years of underperformance, which has attracted the attention of activist investor Elliott Investment Management [1] Group 2 - BP has committed to divesting $20 billion in assets by the end of 2027, having already sold its U.S. onshore wind business and agreed to sell its retail gas stations and EV charging centers in the Netherlands [2] - The transaction with Sixth Street will occur in two phases, with approximately $1 billion paid at signing and the remainder expected by year-end, pending regulatory approval [2] - Elliott holds about 5% of BP's shares and is urging the company to take swift action to strengthen its cost base and improve capital allocation [2]