BP to Sell North Sea Business; AI Companies Lead Record Surge on Korea’s Stock Market – Business Live BP has announced plans to sell its North Sea business as part of a broader effort to streamline operations and focus on more profitable areas.
The move is the latest in a series of divestitures by the oil giant, which has been under pressure from investors to improve returns.
The sale of the North Sea assets follows a trend among energy companies to shed non core businesses and concentrate on higher margin activities.