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

BP (NYSE:BP) shares snapped six straight days of losses as the stock closed 0.17% higher, at $28.93 on Thursday.  The London-based oil and gas company lost more than 4.5% in the last six trading ...

BP has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, ...

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

Additionally, BP plans to divest $20 billion in assets by 2027. This includes its Castrol lubricants business and parts of its renewable energy unit, Lightsource BP. This pivot comes as Western ...

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 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 posted a $1.38 billion underlying ... Progress in its divestment program, including the strategic review of Castrol and plans to sell mobility and convenience assets in Austria, the Netherlands ...

(a) Potential proceeds from any transactions related to the Castrol strategic ... plans and expectations regarding bp’s upstream production; plans and expectations regarding the amount or timing of ...

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 ...