BP Considers Selling Natural Gas Assets in Egypt Amid Restructuring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
Source: seekingalpha
- Restructuring Strategy: BP's new CEO Meg O'Neill is considering the sale of some natural gas assets in Egypt as part of a strategy to cut debt and refocus on more profitable projects, indicating the company's adaptive approach to market challenges.
- Investment Background: BP has invested over $35 billion in Egypt over six decades, producing about 60% of the country's natural gas through joint ventures, highlighting its deep-rooted presence and market influence in the region.
- Production Decline: Last year, BP produced 518 million cubic feet of natural gas per day in Egypt, down approximately 40% from 2024 and nearly 60% from 2023, reflecting pressures on the company in resource management and market competition.
- Project Overview: The West Nile Delta development includes five gas fields across the North Alexandria and West Mediterranean deepwater blocks, and despite challenges, BP is striving to maintain its production capacity in the region.
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Analyst Views on BP
Wall Street analysts forecast BP stock price to rise
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 44.870
Low
6.38
Averages
84.26
High
503.69
Current: 44.870
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. Its segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. The gas & low carbon energy comprises regions with upstream businesses that predominantly produce natural gas, gas marketing and trading activities and its solar, wind and hydrogen businesses. The oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. The customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle (EV) charging, as well as Castrol, aviation and business-to-business (B2B) and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. The other businesses and corporate also comprises the Company's shipping and treasury functions, and corporate activities worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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