BP Negotiates Sale of Castrol Lubricants Unit to Stonepeak

BP Looking at Divesting Downstream Assets to Shore Up Its Finances

In a strategic move amid ongoing pressures to streamline operations and bolster financial health, BP is reportedly in advanced negotiations to sell its iconic Castrol lubricants business to U.S. investment firm Stonepeak. This potential divestment aligns with BP’s broader efforts to shed non-core assets, focus on high-margin oil and gas activities, and meet ambitious divestment targets. As the energy giant navigates investor scrutiny and a shift…

BP Nears Castrol Sale: Stonepeak in Advanced Talks as Valuation Swirls Around $8 Billion (Nov 13, 2025)

Published: November 13, 2025 Key points What’s new today Industry outlet Offshore Engineer reported in the early hours of Thursday that BP’s talks with Stonepeak are ongoing and part of a portfolio overhaul designed to meet the company’s $20 billion asset‑sale target. The update reiterates Reuters’ exclusive from late Wednesday and keeps Stonepeak at the front of the queue. oedigital.com+1 While neither BP nor Stonepeak has commented publicly, t…

BP Negotiates Sale of Castrol Lubricants Unit to Stonepeak

timesng.com: LONDON, Nov 12 (Reuters) – BP is in active negotiations with investment firm Stonepeak about selling its Castrol lubricants unit. This sale is part of BP’s strategy to reach a $20 billion divestment goal, according to two sources familiar with the situation. The discussions come after BP began the sale process earlier this year, placing […] This post BP Negotiates Sale of Castrol Lubricants Unit to Stonepeak appeared first on BP Neg…