BP Seeks $4B U.S. Refineries Sale

BP is seeking buyers for its Texas City and California refineries and its fuel-marketing business in southern California.

BP is seeking buyers for its Texas City and California refineries and its fuel-marketing business in southern California, The Wall Street Journal reports. The company is expecting to raise about $4 billion from the sale of the two refineries.

BP will retain its other U.S. refineries in Washington, Indiana and Ohio. BP’s share swap and exploration joint venture deal with Russia’s Rosneft has been stalled by a U.K. court.

Click here for the story from The Wall Street Journal.

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