bp Sells 5% of Aker BP Stake for $1.06 Billion
bp has sold part of its Aker BP holding at NOK 311 per share, raising about NOK 9.83 billion. It also raised its 2026 divestment proceeds forecast to around $9 billion.
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what happened
UK oil major bp has completed the sale of 5% of its Norwegian independent producer Aker BP, according to Reuters. The shares changed hands at NOK 311 each, bringing gross proceeds to roughly NOK 9.83 billion, or $1.06 billion.
After the deal, bp holds 68.7 million Aker BP shares, about 10.9% of the company. The remaining stake is subject to a 90-day lock-up, with customary exemptions. bp says the cash will go toward strengthening its balance sheet, and it now expects 2026 divestment and other proceeds of about $9 billion, roughly $1 billion above its earlier guidance.
why it matters
The sale shows bp using a strong sector backdrop to cut debt and simplify its portfolio. For the market, it signals that further sales of non-core assets are possible, while placing a large block of Aker BP shares may weigh on the stock in the near term.
market impact
Aker BP: a large block of shares reached the market, which may pressure the stock in the near term
tags
instruments
sources
- ZAWYA: bp sells 5% stake in Aker BP — Reuters, 9 November 2026 at 04:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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