Bp PLC 6-K, filed Nov 5, 2026
Bp PLC (BP)
6-K
2026-11-05
For: 2026-11-05
View Original
Added on
November 05, 2026
About this 6-K
Bp PLC filed this 6-K on November 5, 2026.
bp sold 5% of its 15.9% Aker BP shareholding for NOK 311 per share, raising gross proceeds of approximately NOK 9.83 billion ($1.06 billion). It retains a 10.9% interest and expects full year 2026 divestment and other proceeds of around $9 billion. AI summary
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
05
November, 2026
BP p.l.c.
(Translation
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F |X| Form 40-F
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Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of
1934.
Yes No
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Exhibit
1.1
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bp
sells 5% stake in Aker BP dated 05 November 2026
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Exhibit 1.1
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN OR ANY JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Press Release
5 November 2026
bp sells 5% stake in Aker BP
bp has successfully executed the sale of 5% of its 15.9%
shareholding in leading independent Norwegian oil and gas producer
Aker BP at a price of NOK 311 per share, raising gross proceeds of
approximately NOK 9.83 billion ($1.06 billion).
Following the sale, bp will hold 68.7 million shares in Aker BP,
representing an approximate 10.9% interest in the company. bp has
entered into a 90-day lock-up for its remaining shares in Aker BP,
subject to customary exemptions.
Proceeds from the sale will go towards strengthening bp’s
balance sheet. bp now expects full year 2026 divestment and other
proceeds to be around $9 billion, around $1 billion higher than
previously guided.
Meg O’Neill, chief executive officer, bp, said: “Since
Aker BP’s creation a decade ago, it has executed a successful
growth strategy that has led to significant value creation.
In recent months, it has further increased its value through a
combination of its strong performance and the favourable macro
environment. We believe now is the right time for us to
realize part of this value to further strengthen bp’s balance
sheet, our first priority as we build a simpler, stronger, more
valuable bp.”
Barclays acted as Sole Global Coordinator & Bookrunner and DNB
Carnegie acted as Co-Bookrunner in the sale.
-ENDS-
Contact
bp press office, London: bppress@bp.com
Cautionary statement
In order to utilize the ‘safe harbor’ provisions of the
United States Private Securities Litigation Reform Act of 1995 (the
‘PSLRA’), bp is providing the following cautionary
statement. This press release contains certain forecasts,
projections and other forward-looking statements – that is,
statements related to future, not past, events and circumstances
which may relate to one or more of the financial condition, results
of operations and businesses of bp and certain of the plans and
objectives of bp with respect to these items. These statements are
generally, but not always, identified by the use of words such as
‘will’, ‘expects’, ‘is expected
to’, ‘aims’, ‘should’,
‘may’, ‘objective’, ‘is likely
to’, ‘intends’, ‘believes’,
‘anticipates’, ‘plans’, ‘we
see’ or similar expressions. By their nature, forward-looking
statements involve risk and uncertainty because they relate to
events and depend on circumstances that will or may occur in the
future and are outside the control of bp. Actual results may differ
from those expressed in such statements, depending on a variety of
factors including the risk factors set forth in our most recent
Annual Report and Form 20-F under ‘Risk
factors’.
Our most recent Annual Report and Form 20-F is available on our
website at www.bp.com, or can be obtained from the SEC by calling
1-800-SEC-0330 or on its website at www.sec.gov.
Important Information
This announcement is not and does not form a part of any offer to
sell, or a solicitation of an offer to purchase, any securities
of Aker
BP. The distribution of this announcement and other information may
be restricted by law in certain jurisdictions. Copies of this
announcement are not being made and may not be distributed or sent
into any jurisdiction in which such distribution would be unlawful
or would require registration or other measures. Persons into whose
possession this announcement or such other information should come
are required to inform themselves about and to observe any such
restrictions.
This announcement is not for publication or distribution, directly
or indirectly, in or into the United States of America. This
announcement is not an offer of securities for sale into the United
States. The securities referred to in this announcement have not
been and will not be registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), and may not be offered or
sold in the United States except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of
the Securities Act. No public offering of securities is being made
in the United States.
This announcement and any offer of securities to which it relates
are only addressed to and directed at (1) in any member state of
the European Economic Area, persons who are “qualified
investors” in such member state within the meaning of the
Prospectus Regulation (Regulation (EU) 2017/1129) (the
“Prospectus Regulation”) (“Qualified
Investors”), and (2) in the United Kingdom, persons who are
“qualified investors” within the meaning of paragraph
15 of Schedule 1 of the Public Offers and Admissions to Trading
Regulations 2024 (“POATR”), and (i) who have
professional experience in matters relating to investments who fall
within the definition of “investment professionals” in
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the
“Order”); (ii) who fall within Article 49(2)(a) to (d)
of the Order; or (iii) to whom it may otherwise lawfully be
communicated (all such persons together being referred to as
“relevant persons”). The information set out in this
announcement must not be acted on or relied on by persons in the
European Economic Area who are not Qualified Investors or by
persons in the United Kingdom who are not relevant persons. Any
investment or investment activity to which this announcement
relates is available in the European Economic Area only to
Qualified Investors and in the United Kingdom only to relevant
persons and will be engaged in only with such persons.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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BP
p.l.c.
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(Registrant)
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Dated: 05
November 2026
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/s/
Alasdair Murray
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Alasdair
Murray
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Interim
Company Secretary
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