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BP announces plans to divest $10 billion in assets but offers no immediate details
Reported by: Associated Press
Reported: Thursday, October 31, 2013 4:12 PM EDT
BP plc announced plans this week to divest $10 billion in assets before the end of 2015.
BP is a major player in Alaska's oil industry and is among the companies pursuing a major natural gas pipeline project in the state.
The company, in a release, said proceeds from the divestments are expected to be used predominantly for additional shareholder distributions.