BP gets credit rating nod for North Sea sale

BP Shah Deniz field oil rig from corp media gallery 230x150
By Mike Turner
08 Jan 2020

Oil major BP's A1 rating from Moody's, which is somewhat strained, has been strengthened by its $625m sale of its interest in a North Sea oil field to Premier Oil.

BP is in the midst of a $10bn asset disposal programme following its $10.25bn acquisition of the US onshore assets of BHP Billiton in 2018. The disposal programme is due to wrap up before the end of 2020.

Its latest move, to sell assets to the UK’s ...

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