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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 ...
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 (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the ...
Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...
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 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 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 reviewing its lubricants business, Castrol, and targeting $20 ... This partial divestment highlights BP’s effort to balance its renewable ambitions with financial discipline ...
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 ...