BP weighs sale of 49% stake in U.S. pipeline network, Reuters reports

BP is mulling the sale of a 49% interest in its U.S. oil and gas pipeline network in the Gulf of Mexico, with the hopes of raising up to $1B, Reuters’ Shariq Khan, David French, and Ron Bosso report, citing people familiar with the matter. Such a move would help the oil major meet its goals of lowering debt and maintaining its dividend, the authors note.