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 ...

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

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 ...

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 ...

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 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 ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that ...