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flag BP sells partial stakes in U.S. oil assets to Sixth Street for $1.5B, keeping operational control.

flag BP has agreed to sell non-controlling stakes in its U.S. midstream assets in the Permian and Eagle Ford basins to Sixth Street for $1.5 billion, with $1 billion paid upfront and the remainder by year-end. flag The deal reduces BP’s ownership to 51% in the Permian and 25% in Eagle Ford, while retaining full operational control. flag Proceeds support BP’s goal of $20 billion in divestments by 2027.

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