Core Viewpoint - BP Plc has agreed to sell its stake in U.S. shale assets to Sixth Street for $1.5 billion, aiming to strengthen its balance sheet and regain investor confidence [1][2]. Group 1: Asset Sale Details - The sale includes four central processing facilities in the Permian Basin: Grand Slam, Bingo, Checkmate, and Crossroads [2]. - Post-transaction, BPX Energy will retain a 51% stake in the Permian assets and a 25% stake in the Eagle Ford midstream assets, continuing as the operator of these assets [2]. Group 2: Financial Performance and Strategic Moves - BP's stock price rose by 1.7% to 449.85 pence at the London Stock Exchange, with a year-to-date increase of 15% [3]. - The company has committed to divesting $20 billion worth of assets by the end of 2027, having already agreed to sell its U.S. onshore wind business and retail gas stations in the Netherlands [3]. - Elliott Investment Management, holding approximately 5% of BP's shares, has urged the company to expedite actions to consolidate its cost base and optimize capital allocation [3]. Group 3: Transaction Structure - The transaction with Sixth Street will occur in two phases: an initial payment of about $1 billion upon signing, with the remaining amount expected by the end of the year, subject to regulatory approval [3].