BP CEO Meg O'Neill said on August 4 that a few days after announcing the sale of the North Sea business, the company had received multiple acquisition offers. On July 31, BP announced that it had begun the North Sea business sale process. The company said the move is part of an ongoing asset portfolio review, in line with prudent capital allocation principles, and aims to create a leaner, stronger, and more valuable enterprise.

BP CEO Meg O'Neill said on August 4 that a few days after announcing the sale of the North Sea business, the company had received multiple acquisition offers. On July 31, BP announced that it had begun the North Sea business sale process. The company said the move is part of an ongoing asset portfolio review, in line with prudent capital allocation principles, and aims to create a leaner, stronger, and more valuable enterprise.