BP Said to Seek $7.9 Billion Selling Gulf of Mexico Oilfields

BP Said to Seek $7.9 Billion Selling Gulf of Mexico Oilfields

Kari Goodnough/Bloomberg

BP Plc Chief Executive Officer Bob Dudley plans to sell $38 billion of assets by the end of next year, shrinking BP after the accident at its Macondo well, the worst offshore spill in U.S. history, wiped out a third of its market value.