The divestment aims to streamline BP’s portfolio and strengthen its financial footing amid strategic recalibration under CEO Murray Auchincloss. According to sources familiar with the matter ...

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

"bp to divest 50% stake in Lightsource bp to strategic partner" was originally created and published by Power Technology, a ...

The group has already contacted potential private equity and strategic bidders ... to a Reuters query, BP did not comment on the details of Castrol's sale but said its divestment programme was ...

That’s because, the heart of BP’s 2020 Strategic Plan was to cut investment in oil and gas production and to divest projects right at the bottom of the commodity price cycle. As a result ...

Currently, the company plans to divest $20 billion in assets by 2027 ... the coming weeks could be critical in determining BP’s strategic direction and leadership stability.

In February, BP revealed a new growth strategy focused on extracting more ... made six exploration discoveries and have progressed our divestment programme – all while delivering strong ...

bp plc’s first-quarter 2025 net profits decreased from the year-ago level amid a strategic reset ... to lower operating cash flow and timing of divestment proceeds. For Gas & Low Carbon Energy ...

BP Plc is off to a “great start” in its strategy reset and can follow through ... the company is on track and its $20 billion divestment program could actually be assisted, Auchincloss said.

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 ...