BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...

The divestment aims to streamline BP’s portfolio ... BP’s asset sales decision followed as activist investor Elliott Management pressured the company for strategic changes and operational ...

Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...

The group has already contacted potential private equity and strategic bidders ... to a Reuters query, BP did not comment on the details of Castrol's sale but said its divestment programme was ...

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment ...

The asset has drawn particular interest ... Before that, on February 26, 2025, BP management unveiled a strategic plan to divest around $20 billion in assets by the end of 2027.

The Russian major acquired a license for the development of one of the world's biggest rare earth metals deposits.

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...

BP has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported.

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported Thursday, marking a key step in the company's ...