BP announced on July 31, 2026, that it is divesting its North Sea oil and gas assets as new CEO Meg O'Neill pursues a strategic overhaul and simplification of the company. The sale will end six decades of BP production in the North Sea, where the business accounted for 5 percent of BP's 2025 output.
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BP puts UK North Sea oil and gas assets up for sale as CEO pushes overhaul Reuters
The British North Sea accounted for 5 per cent of BP’s output in 2025.
Chief executive Meg O’Neill said she believed the North Sea business would be ‘better positioned as part of another company’
this outlet adds: move, decades, production, area, tries, simplify, debt, live
this outlet adds: move, decades, production, area, tries, simplify, debt, live