BP facing calls for sell-off

Oil giant BP is facing calls from some of its biggest shareholders to sell off up to half of its assets as part of a radical restructuring of the group, it was reported today.

Some of the firm’s top 10 shareholders want the company to sell a further $30bn (€20.8bn) worth of assets, on top of the $30bn worth that have already been earmarked for disposal following the Gulf of Mexico oil disaster a year ago, according to the Sunday Times.