BBC News - BP shares rise on rumours of possible asset sales
BP shares rise on rumours of possible asset sales
Transocean Discoverer Inspiration arrives to install a "capping stack" on the Deepwater Horizon well The cost of containing the oil spill now stands at $3.5bn (£2.3bn).
BP shares have risen sharply on speculation it may have buyers lined up for possible asset sales.
The UK oil firm is thought to be planning the sell-offs in order to fund cost of the Gulf of Mexico clean-up, which has now reached $3.5bn (£2.3bn).
BP shares closed up 9.5% at 399.4p on Monday. That is more than 30% higher than the low hit on 25 June, but 40% off its pre-spill peak.
Among the rumoured buyers are PetroChina and US oil firm Apache Corp.
BP shares rise on rumours of possible asset sales
Transocean Discoverer Inspiration arrives to install a "capping stack" on the Deepwater Horizon well The cost of containing the oil spill now stands at $3.5bn (£2.3bn).
BP shares have risen sharply on speculation it may have buyers lined up for possible asset sales.
The UK oil firm is thought to be planning the sell-offs in order to fund cost of the Gulf of Mexico clean-up, which has now reached $3.5bn (£2.3bn).
BP shares closed up 9.5% at 399.4p on Monday. That is more than 30% higher than the low hit on 25 June, but 40% off its pre-spill peak.
Among the rumoured buyers are PetroChina and US oil firm Apache Corp.
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