bp (BP,BP.L) has reached an agreement for Sixth Street-managed funds to purchase non-controlling interests in Permian and Eagle Ford midstream assets of bpx energy, bp's US onshore oil and gas business. bpx will remain operator of all the assets. Following completion, bpx's ownership interest in the Permian midstream assets will move to 51% from 100%, while bpx's ownership interest in the Eagle Ford midstream assets will move to 25% from 75%.
The transaction has a total consideration of $1.5 billion and is structured in two phases: approximately $1 billion paid upon signing with the balance expected by the end of the year.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.