BP News - July 2026
BP exits North Sea after 60 years, aiming to cut debt
BP launched a formal sale of its entire North Sea oil and gas business. This divestment signals a potential end to the company’s 60-year history in the...
BP shares sink 3.8%, as oil prices fall on U.S.-Iran de-escalation
BP shares fell as much as 3.8% on Monday. Brent crude prices dropped below $90 per barrel, driving a sell-off across the energy sector. A weekend pause in...
BP Sells Austrian Assets and Venture Arm, Refocusing on Oil
BP announced plans on July 20, 2026, to streamline operations by divesting non-core assets. The company agreed to sell its Austrian mobility, convenience, and...
BP, ConocoPhillips to Invest Billions in Iraq, Reducing Iranian Energy Reliance
BP and ConocoPhillips will announce multi-billion dollar investments in Iraq’s energy sector this Friday. The move is part of a U.S. initiative to bolster...