Bp Unlocks $1.5 Billion from US Midstream Asset Sale to Sixth Street

BP has agreed to sell a $1.5 billion stake in its US midstream assets to private investment firm Sixth Street, marking a significant step in its plan to streamline its portfolio and unlock value from non-core assets. The deal covers bp's bpx energy midstream infrastructure, including pipelines and processing facilities, with Sixth Street acquiring a majority stake. BP will retain operational control and the deal is split into two tranches. This move follows a broader trend among major oil producers to monetize midstream assets to fund growth in low-carbon and high-return projects.