06:14 AM EST, 11/12/2026 (MT Newswires) -- BP Plc (BP.L) is negotiating a stake sale in the Bumerangue oil block offshore Brazil to Petrobras, Bloomberg reported Thursday, citing people familiar with the matter. The British energy company said the discovery holds 8 billion barrels of liquids. Talks with Petrobras could end without a transaction, according to the report. BP and Petrobras did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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.