>BP in February announced plans to
sell off $20bn (£15bn) worth of assets in a bid to focus on its core
crude oil and gas business and
strengthen its balance sheet.
Following today's deal and
previous announcements, the
company says its over half way to meeting that target.
It is also shifting its strategy away
from investment in green energy
and renewing its focus on oil and
gas following pressure from some
investors who were frustrated that its profits and share price had
lagged behind rivals.
>BP in February announced plans to sell off $20bn (£15bn) worth of assets in a bid to focus on its core crude oil and gas business and strengthen its balance sheet. Following today's deal and previous announcements, the company says its over half way to meeting that target. It is also shifting its strategy away from investment in green energy and renewing its focus on oil and gas following pressure from some investors who were frustrated that its profits and share price had lagged behind rivals.