Energy giant BP (BP) has struck an agreement to sell a 65% stake in its Castrol lubricant unit to Stonepeak for net proceeds of $6 billion. The sale proceeds from the transaction, which include $800 ...

BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027. The company's strategy reset will ...

Dec 24 (Reuters) - BP has agreed to sell a 65% stake in ‌its Castrol lubricants business to U.S. private equity firm ‌Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion ...

BP PLC (NYSE: BP) is strategically streamlining its portfolio by selling a controlling stake in its Castrol lubricants business. This move is designed to bolster BP's balance sheet and simplify its ...

BP p.l.c. BP agrees to divest 65% of its stake to Stonepeak creating a new joint venture in which BP will currently retain 35% stake. The leading integrated player has the option to sell this ...

(Alliance News) - BP PLC on Wednesday said it will receive proceeds of around USD6 billion from the sale of a 65% stake in its lubricants brand Castrol to private equity firm Stonepeak Partners LP.

Dec 24 (Reuters) - BP said on Wednesday it had agreed to sell a 65% stake in Castrol to investment firm Stonepeak for about $6 billion, in a deal that values the oil major's lubricants unit at $10.1 ...