Energy giant BP PLC has agreed to sell minority stakes in some of its U.S. onshore pipeline assets to investment firm Sixth Street for $1.5 billion, the company said on Monday, November 3, 2025. 

The sale includes infrastructure supporting BP's operations in the prolific Permian and Eagle Ford basins, as well as key oil-producing regions in Texas and New Mexico.

The current divestment is part of BP's previously announced $20 billion asset sale program, which is scheduled to be completed by the end of 2027, with the primary goal of reducing the company's significant debt load. 

BP’s move comes as the London-based company conducts a broader review of its global oil and gas portfolio while simultaneously implementing cost-cutting measures, following intense scrutiny from the financial community.

The energy major has been under pressure from investors after a high-profile but financially disappointing foray into renewable energy projects, which analysts said constrained profitability. 

Activist investor Elliott Investment Management has reportedly targeted the company, urging it to refocus on its core oil and gas operations.

Market analysts reacted cautiously to the news. UBS analyst Josh Stone called the pipeline sale a "small positive" in a note to clients. Stone estimated the transaction is expected to bring BP's leverage ratio down by approximately 1 percent. 

With the deal structured as a minority stake sale, Stone projected a relatively modest net income impact, likely between $100 million and $200 million. 

Once completed, BP’s U.S. onshore oil and gas business, which operates under the name bpx Energy, will continue to manage the infrastructure. bpx Energy will retain a 51 percent majority stake in the Permian assets and a 25 percent stake in the Eagle Ford assets.

Meanwhile, BP is scheduled to report its third-quarter 2025 earnings results to investors on Nov. 4.