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bp agrees to sell its petrochemicals business to INEOS

bp today announced that it has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion. 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.

'The direction is set'

bp today set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. To deliver the ambition, we will fundamentally reorganize to become more focused, more integrated and to face the energy transition head on

TIAP

The Tangguh Independent Advisory Panel (TIAP) was established to provide external advice regarding non-commercial aspects of Tangguh LNG. View the latest TIAP report and bp responses here.