BP Restructures Sale Agreement on Alaska Business [The Motley Fool]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
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Source: The Motley Fool
BP(NYSE:BPThe company believes the new financial terms will be similar to the deal's original valuation,Reutersplunge in oil pricesImage source: Getty Images.The severe drop in oil prices has forced other major oil companies likeExxonMobilNYSE:XOMChevronNYSE:CVXcapital spending plansUnder the original terms of the agreement, Hilcorp would have pid $ billion in the near-term, with the remaining $.6 billion paid "through an earnout thereafter." The $.6 billion deal was a significant part of its $0 billion divestiture plan.At the time the deal was announced, BP said it expected to average almost 7,000 barrels per day out of Alaska. The company has been working in Alaska since 99.
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BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 11/21/24 - Form FWP
- 11/18/24 - Form 6-K
- 11/14/24 - Form FWP
- BP's page on the SEC website