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BP mulls selling off billions in assets

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BP PLC is in talks with U.S. independent oil and gas producer Apache Corp. on a deal worth as much as $10 billion that could include stakes in BP's vast Alaska operations, according to people familiar with the matter.

A deal, which would go a long way to helping BP cope with the financial stress of paying for the clean-up of the Gulf oil spill, could be reached in the coming weeks, though there is no guarantee it will succeed, one of these people said.

BP and Apache declined to comment.

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Full story: BP Mulls Selling Off Billions in Assets – WSJ.com