BP sells 5% stake in Aker BP for USD 1.06 billion

• BP sold a 5% stake in Aker BP on November 5, 2026, at NOK 311 per share.
• The sale raised approximately NOK 9.83 billion ($1.06 billion) in gross proceeds to strengthen its balance sheet.
• The remaining holding totals 68,700,000 shares, representing a 10.9% interest, down from 15.9%.
• A 90-day lock-up applies to the remaining shares, subject to customary exemptions.
• Full-year 2026 divestment and other proceeds are now expected at around $9 billion, roughly $1 billion above previous guidance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-009536), on November 05, 2026, and is solely responsible for the information contained therein.