BP raises roughly $1 billion from Aker BP stake sale
BP•BP said it raised about $1.06 billion by selling a 5% stake in Aker BP at 311 Norwegian kroner per share. BP will retain about 10.9% of Aker BP and forecast 2026 divestment and other proceeds of around $9 billion.
1. Stake sale
BP sold a 5% stake in Aker BP from its 15.9% holding, raising about $1.06 billion at 311 Norwegian kroner per share. BP will retain 68.7 million shares, or about a 10.9% interest, making it Aker BP’s fourth-largest shareholder.
2. Proceeds outlook
BP also forecast 2026 divestment and other proceeds of around $9 billion, about $1 billion higher than it previously projected. CEO Meg O’Neill said the company believed it was the right time to realize part of Aker BP’s value to strengthen BP’s balance sheet.
