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BP Reaches $2.5 Billion Tesoro Deal
Keywords:
BP reached an agreement to sell its Carson refinery in southern California and related assets to Tesoro Corp. for $2.5 billion. This is part of a $38 billion asset sales plan to repay costs arising from the Deepwater Horizon oil spill. Total divestments have reached $26.5 billion since the beginning of 2010.
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BP Profit Tumbles on Write-Downs
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