Once the sale is completed, BP's U.S. onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in the Eagle Ford assets. BP is scheduled to report third-quarter results on November 4.

BP’s $1 billion-plus arbitration win over Venture Global is now being closely watched across the LNG sector—including here in Louisiana, Reuters writes.  New reporting indicates BP won by arguing that Venture Global engaged in unfair behavior by withholding contracted LNG cargoes while selling more than 400 loads on the spot market during the post-Ukraine price

The energy company said it would sell stakes in assets which are operated by its U.S. onshore oil and gas business BPX in the Permian and Eagle Ford basins.

BP reported stronger-than-expected earnings for the third quarter of 2025, driven by higher output, field start-ups, and improved refining margins, despite weaker oil prices.

British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices.

BP said on Thursday the carbon dioxide level in its huge Bumerangue oil and gas discovery in Brazil's offshore Santos basin could be managed.