BP PLC files 6-K

BP p.l.c. announced an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner. This transaction is expected to increase BP's structural cost reduction target by approximately $1 billion, raising the total target to $6.5 billion to $7.5 billion by 2027. The deal is also expected to strengthen BP's balance sheet and contribute to a more resilient refining portfolio.