Saudi Aramco is considering a potential acquisition of bp's Castrol lubricant business, which could value the division at approximately $10bn (£7.77bn), reported Bloomberg. BP has been contemplating ...

BP (BP) is slated to announced a possible sale of its lubricants unit and drop plans to lower oil and gas output as it begins to shift away from renewable energy amid pressure from activist ...

BP will look to divest its lubricants unit, which operates under the Castrol brand and could be worth about $10 billion, the people said, asking not to be identified as the matter is private.

[Stay on top of transportation news: Get TTNews in your inbox.] BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a ...

BP is considering selling its lubricants business in an attempt to win back investor confidence and satisfy demands from activist investor Elliott Management, who has built up a nearly 5% stake in ...

BP (NYSE:BP) is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, in one of the many options the company is considering to win back investor confidence ...

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and investor ...

(Reuters) - Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people ...

BP Weighs Sale of Castrol Lubricants Unit Amid Elliott Push Dinesh Nair, Ruth David, Mitchell Ferman and Aaron Kirchfeld Wed, Feb 19, 2025, 12:30 AM 3 min read ...

However, there still is little, if any, production growth,” Good said. BP said it was reviewing its lubricants business, Castrol, and targeting $20 billion in divestments by 2027. The company ...

(Bloomberg) — BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from ...