BP is closing out the year by selling a majority stake in Castrol, preparing for a CEO transition, and delivering new Gulf of Mexico production as it refocuses on oil, gas, and financial discipline.

BP is close to selling a majority stake in its Castrol unit to Stonepeak for $6 billion. The deal is part of BP's plan to divest $20 billion in assets by 2027, focusing on debt reduction and cost-cutting by shifting away from renewable energy strategies.

The surprise appointment of Meg O'Neill as BP's first outsider CEO offers the bruised $90 billion British oil company three clear strategic choices for moving forward: build, buy or be bought.

BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, EV/sales, and price-to-cash flow suggest BP is undervalued ...

BP has agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak for $6 billion, advancing its $20 billion divestment plan. The deal aims to cut debt and streamline operations while refocusing on core oil and gas activities.

BP's latest price target revision reflects a subtly more optimistic narrative, with a slightly higher required return offset by a marginally stronger long term revenue outlook. These changes mirror a Street that is warming to BP's strategic reset and capital return story,