BP Said to Discuss Asset Sales With Apache for Spill

BP Plc is in talks to sell assets to Apache Corp. as it seeks funds to pay for the biggest U.S. oil spill in history, two people familiar with the discussions said.

Apache, the largest independent U.S. oil company by market value, is negotiating for assets that include a share in BP’s Alaska business, for a price of less than $12 billion, according to one of the people, who asked not to be identified because the discussions aren’t public.