BP plc BP, the UK-based energy major, has officially launched the sale of its Castrol lubricants business, marking a significant move in the British energy giant’s plan to raise $20 billion by 2027 ...

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

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

"Today we are fundamentally resetting our strategy ... and we're announcing a material divestment program," she added. BP's move back toward its traditional business was highly anticipated ...

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

“Today we have fundamentally reset BP’s strategy,” Auchincloss said ... Jefferies analyst Giacomo Romeo said BP’s $20 billion divestment programme and $5 billion cut in low carbon ...

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 ...

The strategy reset brought BP more in line with peers ... on upstream project development to meet growth targets and its divestment and partnership plans. We sell different types of products ...

In February, BP revealed a new growth strategy focused on extracting more ... made six exploration discoveries and have progressed our divestment programme – all while delivering strong ...

The divestment aims to streamline BP’s portfolio and strengthen its financial footing amid strategic recalibration under CEO Murray Auchincloss. According to sources familiar with the matter ...