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

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the ...

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 its Q4 2024 report BP also said it plans to sell its ... for its global lubricants brand Castrol. In March BP said it was initiating a marketing process to divest its retail sites, associated ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut ... BP will look to divest its lubricants unit, which operates under the Castrol brand and could ...

Under its new plan, BP intends to announce up to $20 billion in divestments by 2027. That includes a strategic review of its Castrol lubricants unit, which was announced on Wednesday. The company ...

Bottom line: BP’s plans to divest additional assets over the next three years looks credible given the potential valuation for Castrol and the company’s track record of selling other assets ...

The company will also make public plans to divest assets and cut other ... sell assets such as wind and solar. BP would also benefit from selling its Castrol lubricants and its network of service ...

The company plans to cut capital expenditures, target mid-teen ROI projects, and divest non-core assets like Castrol to strengthen its balance sheet. BP aims for 20% annual free cash flow growth ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment ... It plans to raise its dividend ...

BP Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices, said Chief Executive Officer Murray Auchincloss.