In-the-Know with Thomas Brinsko: BP sells petchems arm for $5 billion in energy transition revamp
Volume 2 Episode 18
This week's top news covered by BIC Alliance President, Thomas Brinsko.
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GlobalData: Petrochemicals divestment another sign of BP’s clean energy shift
While many oil and gas companies have recently looked to petrochemicals integration as a way to drive value, BP’s petrochemicals unit was not particularly well suited to its new energy transition strategy.
Jun 30, 2020
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BP sells petchems arm for $5 billion in energy transition revamp
BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe’s Ineos for $5 billion, pulling out of a sector widely seen as a key driver of oil demand growth in the coming decades.
Jun 29, 2020