BP to sell 65% stake in Castrol to Stonepeak for $6 billion

The agreement is the oil company's most ambitious asset sale so far as it tries to cut debt and boost returns while scaling ...

BP Found A Buyer For Castrol And It’s Not Who You’d Expect

A major stake in Castrol changes hands as BP restructures its involvement, marking a new phase for the 126-year-old lubricant ...

BP sells $10 billion majority stake in Castrol

BP is selling its $10 billion, majority stake in Castrol to U.S. investment company Stonepeak in an effort to pay down its ...

BP Names New Boss After Its C.E.O. Steps Down

Meg O’Neill of Australia’s Woodside Energy will lead the British energy giant, replacing Murray Auchincloss, who will exit ...

BP’s CEO shake-up signals the end of its green energy era

By appointing Woodside’s Meg O’Neill, BP is making clear that oil, gas, and LNG are back at the center of its strategy.

BP to sell a 65% shareholding in Castrol to US-based Stonepeak for $10.1 billion

BP on Wednesday announced the sale of a 65% shareholding in Castrol to US-based Stonepeak at an enterprise value of $10.1 billion. In a press note, t ...
Hydrocarbon Processing

bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion

bp has reached an agreement to sell a 65% shareholding in Castrol at an enterprise value of $10 billion. Total net proceeds to bp of c.$6 billion, including accelerated dividend payments, will be ...
Upstream Online

BP to sell key business unit in 'early Christmas present,' for shareholders

Upon completion of the transaction, a new joint venture will be incorporated, comprising a 65% Stonepeak and 35% BP ownership For ads that aren’t personalized, ad measurement, audience surveys, and ...