BP Sells Castrol for $6B in Strategic Reset
Update: 2025-12-24
Description
BP Sells Castrol for $6B, Marking Major Step in Strategic Reset: BP has sold a 65% stake in its lubricants business Castrol for $6B, valuing the unit at $10.1B. This sale is part of BPs strategic reset, aiming to offload $20B in assets by 2027. Potential buyers included Reliance Industries, Aramco, Apollo Global Management, and Lone Star Funds. The proceeds will strengthen BPs balance sheet and focus on core businesses.
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