BP.L is trading 2.2% up today at $493.60 after announcing the sale of its 37.2% stake in Canada’s Bay du Nord offshore oil project to Equinor.
- The divestment is part of a strategic move to streamline the company's portfolio and focus on higher-return assets.
- Investors are welcoming the focus on capital discipline, allowing the stock to outperform broader equity indices currently trading lower in risk-off conditions.