BP expects to be up to halfway through its $10 billion asset sale process by the end of this year as the company also targets organic capital expenditure of up to $17 billion per year to 2021.
The UK supermajor, which posted a relatively flat second-quarter profit on reduced revenues, has already announced $1.5 billion of divestments as part of its asset-sale plan for this year and next that follows its $10.5