Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 billion to $9 billion and retire $4 billion in hybrid bonds by 2027, the ...

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the ...

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge ...

[Stay on top of transportation news: Get TTNews in your inbox.] BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a ...

BP is making “good progress on our divestment program, including the strategic review of Castrol, and the intentions to sell mobility & convenience businesses in Austria and the Netherlands and ...

Leading the contenders for divestment is the company’s Castrol lubrication business unit for which BP has announced a strategic review. Given the timing of the transaction for Global Products ...

BP said last week it was reviewing its lubricants business, Castrol, and targeting $20 billion in divestments by 2027. The divestment programme is a key part of CEO Murray Auchincloss' strategy ...

The company is also involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. BP p.l.c ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

The company is also reviewing its lubricants business, Castrol, and targeting $20 ... This partial divestment highlights BP’s effort to balance its renewable ambitions with financial discipline ...

BP Plc is off to a “great start” in its ... the company is on track and its $20 billion divestment program could actually be assisted, Auchincloss said.