REFINED ASSETS: BP is selling its refinery in Carson, Calif., and other West Coast assets, to Tesoro for $2.5 billion in cash. Other assets include pipelines, storage terminals, marine terminals and about 800 Arco-branded retail outlets in southern California, Arizona and Nevada.
PAWN SHOP: BP has set a target of $38 billion in sales by the end of next year to help pay the costs of the disastrous oil spill in the Gulf of Mexico. To date, including a separate sale of gas processing plants in Texas, the company has sold or has agreed to sell assets worth $26.5 billion.
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