BP is selling a multibillion dollar stake in an Omani gas field to Thailand’s national oil company amid major divestment plans.
The UK-listed oil giant said that it would be paid nearly 2.6 billion dollars (£1.9 billion) by PTT Exploration for 20% of the Block 61 site.
However, BP will still keep a 40% stake in the block, and boss Bernard Looney was keen to emphasise the company’s ties to Oman were not about to be cut.
“We are committed to BP’s business in Oman – this agreement allows us to remain at the heart of this world-class development while also making important progress in our global divestment programme,” Mr Looney said.
US$12.3 TRILLION out of thin air…
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Impressive record
Primary Health Properties(LSE: PHP) will release its annual results on 18 February. Dividends for 2020 are set to total 5.9p per share. This would mark the company’s 24th consecutive year of dividend growth. Few dividend stocks have as impressive a record.
PHP focuses on primary health real estate. This is traditionally much less cyclical than other real estate sectors. The majority of its rental income is received directly or indirectly from government bodies in the UK and Ireland.
LONDON: The number of United Kingdom-listed companies at risk of insolvency has doubled as restrictions aimed at curbing the spread of the coronavirus continue to ravage the economy.