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

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

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

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 ...

While BP declined to confirm specific details, it noted that its broader divestment program was "progressing," with $1.5 billion in deals already signed. Founded in 1899, Castrol is one of the ...

BP might announce the potential divestment during its capital markets ... Representatives for BP and Elliott declined to comment. The Castrol brand serves customers in more than 150 countries ...

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 ...

Additionally, BP plans to divest $20 billion in assets by 2027. This includes its Castrol lubricants business and parts of its renewable energy unit, Lightsource BP. This pivot comes as Western ...

BP's Castrol lubricants business is attracting interest from companies such as India's Reliance Industries , Bloomberg News ...

of BP, said. He added: “So far this year we have started up three major projects, made six exploration discoveries and have progressed our divestment programme - all while delivering strong ...