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 ...

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

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 ...

Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 ...

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 ...

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 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 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.

BP acquired Castrol in 2000 for approximately £3 billion ... which includes evaluating several other non-core assets. This includes plans to divest the Gelsenkirchen refinery in Germany, retail ...