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Norway's sovereign wealth fund cuts BP shareholding by a quarter

Published by Global Banking & Finance Review

Posted on January 7, 2026

1 min read

· Last updated: January 20, 2026

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Norway's sovereign wealth fund cuts BP shareholding by a quarter
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LONDON, Jan 7 (Reuters) - Norway's sovereign wealth fund Norges Bank cut its shareholding in BP to about 2.99% from around 3.99%, according to a stock exchange filing on Wednesday. London-listed BP

Norway's Wealth Fund Reduces BP Stake by a Quarter

LONDON, Jan 7 (Reuters) - Norway's sovereign wealth fund cut its shareholding in BP to about 2.99% from around 3.99%, according to a stock exchange filing on Wednesday.

London-listed BP has a market capitalisation of about $91 billion, putting the value of a 1% stake at roughly $910 million, Reuters calculations show.

Norges Bank Investment Management, the fund's operator, declined to comment. BP did not respond immediately to a request for comment.

BP shares were down 3.16% at 417 pence by 1705 GMT, against a 2.1% decline for a broader index of European energy companies.

(Reporting by Shadia NasrallaAdditional reporting by Gwladys Fouche, Dhanush Vignesh BabuEditing by David Goodman)

Key Takeaways

  • Norway's wealth fund reduced BP shares from 3.99% to 2.99%.
  • BP's market cap is approximately $91 billion.
  • A 1% stake in BP is valued at around $910 million.
  • BP shares dropped 3.16% in London trading.
  • Norges Bank declined to comment on the reduction.

Frequently Asked Questions

What is market capitalisation?
Market capitalisation is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the share price by the total number of shares outstanding.
What is equity?
Equity refers to the ownership value in an asset or company, represented by shares. In finance, it often refers to stock ownership in a corporation.
What is an investment portfolio?
An investment portfolio is a collection of financial assets such as stocks, bonds, and other securities held by an individual or institution, aimed at achieving specific financial goals.
What is a trading platform?
A trading platform is software that allows investors to buy and sell financial securities, such as stocks and bonds, through a broker or directly on the market.
What is the financial community?
The financial community encompasses all individuals and institutions involved in the finance sector, including banks, investors, financial advisors, and regulatory bodies.

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