Monday, June 22, 2026
BP agrees to sell its petrochemicals business to INEOS -oilandgas360

bp agrees to sell its petrochemicals business to INEOS

360 Feed Wire bp today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will further strengthen bp’s balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled. $5 billion