BP Unit Looks to Offload 5% Stake in Norway's Aker BP

12:31 AM EST, 11/05/2026 (MT Newswires) -- BP plc (BP.L) unit BP Exploration Operating Co. is considering selling a 5% stake in Norwegian oil and gas producer Aker BP (AKRBP.OL) through an accelerated bookbuilding process. BP, which currently owns a 15.9% interest in Aker BP, may sell fewer shares than initially planned or decide not to proceed with the offering, according to a Wednesday release. The offering is expected to close on Thursday, with the remaining shares subject to a 90-day lock-up following the sale. Barclays is acting as sole global coordinator and bookrunner, while DNB Carnegie is serving as co-bookrunner in the potential offering.