The London-listed oil giant has previously told investors it planned to market assets across its operating regions as part of a restructuring overseen by new boss Meg O’Neill. BP acquired Archaea for $4.1bn in 2022, but the business has since faced financial underperformance and slower-than-expected growth, forcing the FTSE 100 giant to reassess the asset’s worth. The firm’s gas and low carbon energy arm reported profits of $1.6bn, up from $1.1bn the prior quarter. Oil production and operations saw profit climb to $3.4bn from $1.7bn. If tensions across the Middle East persist or escalate further, energy prices could remain elevated, providing an additional tailwind for the sector.