BP Plc is in talks to sell up to $12 billion of assets, including a stake in Alaska’s Prudhoe Bay, to Apache Corp to help pay for its Gulf of Mexico oil spill, The Sunday Times reported.
There is still talk that BP may have to file for bankruptcy if Gulf liabilities grow. The alternative are to sell debt, which several Middle East sovereign funds have show interest in, sell stock which current investors object to, or sell assets, which appears to be the road that BP is taking.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
