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BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak, valuing the unit ...

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Bp plc (London) has reached an agreement to sell a 65% shareholding in lubricants business Castrol to Stonepeak, at an enterprise value of $10.1 billion.

The company will sell a 65% stake in Castrol as part of its overall plan to divest $14-18 billion by end-2027 to cut net debt ...

Dow Jones Top Company Headlines at 7 AM ET: BP Agrees to Sell Majority of Castrol Lubricants Unit to Stonepeak | Apple ... The deal values Castrol at $8 billion and represents one of BP's biggest ...

BP will sell 65% of Castrol to Stonepeak for $10.1 billion, generating $6 billion in net proceeds. The deal supports BP's strategy.

Anthony Borreca, senior managing director and energy co-head at New York City-based Stonepeak, said, "Castrol's 126-year ...