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BP to sell $4 billion US biogas business as profits more than double

8/4/2026

A $4 billion sale of a biogas operation, the term for a business that captures methane from organic waste and injects it into gas pipelines as a low-carbon alternative to conventional natural gas, signals BP's exit from the US renewable gas sector.

The UK oil major is moving to sell the unit at the same time it reports profits that more than doubled, giving the company both the financial standing and the financial motive to redeploy capital.

What biogas is and why a $4 billion price tag matters Biogas is the methane that organic material releases as it breaks down. Landfills, livestock operations, and water treatment plants all produce it continuously.

Left unmanaged, that methane enters the atmosphere as a greenhouse gas.