BP's Pruning Shears Cut Deep: A Brutal Reality Check for North Sea Futures BP's new boss, Meg O'Neill, has made clear her priority is getting the company back on its financial feet.
The sale of the US biogas business Archaea for $4 billion is a stark reminder that even green ambitions are not immune to market realities.
The disposal of North Sea assets and other non core businesses is aimed at reducing debt and reaching net cash flow above $18 billion by year end, 12 months ahead of schedule.