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 ...

In a crucial strategy presentation ... could come under particular pressure. BP will look to divest its lubricants unit, which operates under the Castrol brand and could potentially be worth ...

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

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 ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift ... has been weighing the divestment of its automotive lubricants business Castrol, which is valued around ...

The oil major’s unit, which operates under the Castrol brand ... the people said. BP might announce the potential divestment during its capital markets day on Feb. 26, they said.

"We're reallocating capital, we're reducing costs, and we're announcing a material divestment program," she added. BP's move ... That includes a strategic review of its Castrol lubricants unit ...

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy ... material divestment with an outcome ...

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 ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that ...