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

BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg.

BP (NYSE: BP) has agreed to sell its entire mobility & convenience and BP pulse operations in the Netherlands to Catom, ...

Shell brought on advisers to explore a potential acquisition of BP last month, but a potential sale now appears unlikely, according to a global investment bank.

The transaction includes around 300 bp-owned or branded retail sites - some with on-site EV charging infrastructure - as well ...

Sale of Trust Assets As previously disclosed, the Trust terminated at 11:59 PM on December 31, 2024, and the Trustee commenced the process of winding up the affairs of the Trust.

A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent ...

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 ...