LSE:BP.Oil and Gas
BP Rebalances Gulf Projects And U.S. Retail Toward Leaner Model
BP (LSE:BP) has started selling minority stakes in its Kaskida and Tiber oil projects in the U.S. Gulf of Mexico.
The company is also reshaping its U.S. convenience retail business, with senior executives leaving and a shift away from company-operated stores.
BP plans to focus its convenience presence on branded and franchise-style arrangements rather than directly running most outlets.
BP is a global integrated energy company with a large footprint in offshore oil and gas, particularly in...