BP in advanced talks to sell $8bn Castrol unit to US group Stonepeak
British oil company has been trying to sell the business as part of efforts to raise $20bn from asset sales
Related reading
BP to sell majority stake in $10bn Castrol to pay down debt
UK oil and gas major steps up asset sales under new chair Albert Manifold
BP sells stake in motor oil arm Castrol in $6bn deal
BP has sold a 65% stake in its motor lubricant arm Castrol to US-based investment firm Stonepeak.
BP sells $10 billion majority stake in Castrol - UPI.com
BP is selling its $10 billion, majority stake in Castrol to U.S. investment company Stonepeak in an effort to pay down its debt.…
Oil giant BP to sell 65% stake in $10 billion Castrol unit
The oil giant is looking to divest $20 billion of its assets by the end of 2027.
BP faces new investor tactics in climate pressure campaign
Shareholders will challenge oil major over ‘undisciplined capital allocation’
BP takes $4bn-$5bn hit on green energy business
UK oil major suffers latest setback as it tries to pivot back to fossil fuels