12:31 AM EST, 11/05/2026 (MT Newswires) -- BP plc (BP.L) unit BP Exploration Operating Co. is considering selling a 5% stake in Norwegian oil and gas producer Aker BP (AKRBP.OL) through an accelerated bookbuilding process. BP, which currently owns a 15.9% interest in Aker BP, may sell fewer shares than initially planned or decide not to proceed with the offering, according to a Wednesday release. The offering is expected to close on Thursday, with the remaining shares subject to a 90-day lock-up following the sale. Barclays is acting as sole global coordinator and bookrunner, while DNB Carnegie is serving as co-bookrunner in the potential offering.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.