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

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment ...

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 ...

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 ...

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

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

The group said in February it was reviewing Castrol as part of a plan to raise ... to a Reuters query, BP did not comment on the details of Castrol's sale but said its divestment programme was ...

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 ...