News End-User News BP Sells $7 Billion in Oil and Gas Assets to Apache Corp.
BP Sells $7 Billion in Oil and Gas Assets to Apache Corp.
Monday, 26 July 2010 10:16
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BP has sold oil and gas properties in the United States, Egypt and Canada to Houston-based Apache Corp. for $7 billion as part of the oil giant's effort to raise cash to cover oil spill expenses and bolster its financial position, the two companies announced Tuesday.

The sale takes BP most of the way toward its goal of raising $10 billion over the next year by selling exploration and production assets.

Source: Washington Post

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