BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment ...

Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 billion to $9 billion and retire $4 billion in hybrid bonds by 2027, the ...

In March, Bloomberg had reported that Saudi Arabian oil giant Saudi Aramco was considering acquiring part or all of BP's Castrol unit. These new potential buyers are expected to participate in the ...

The lubricants unit is now viewed as a valuable standalone ... BP Sharpens Focus With Exit From Non-Core Businesses The Castrol sale is part of BP’s broader restructuring effort, which includes ...

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported Thursday, marking a key step in the company's ...

In March, Bloomberg had reported that Saudi Arabian oil giant Saudi Aramco was considering acquiring part or all of BP's Castrol unit. These new potential buyers are expected to participate in the ...

Shell brought on advisers to explore a potential acquisition of BP last month, but a potential sale now appears unlikely, ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that ...

BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield ... As part of a major corporate revamp, BP started a strategic review of the ...