A hundred-dollar oil price triggers the logic of "cash flow revaluation"! BP (BP.US) plans to sell its Brazilian biofuel business, accelerating its focus on oil and gas assets.

Zhito Finance APP has learned that BP (BP.US), one of Europe's traditional energy giants, is considering various options for its Brazilian biofuels business, including a sale. Meanwhile, CEO Meg O'Neill is accelerating the reshaping of the energy giant's business portfolio and concentrating capital on core operations. This move also highlights that, amid persistently high international oil prices, BP's management is further concentrating capital on its core oil and gas business and debt reduction.