BP plc BP, the UK-based energy major, has officially launched the sale of its Castrol lubricants business, marking a significant move in the British energy giant’s plan to raise $20 billion by 2027 ...

Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge ...

"bp to divest 50% stake in Lightsource bp to strategic partner" was originally created and published by Power Technology, a ...

Currently, the company plans to divest $20 billion in assets by 2027 ... the coming weeks could be critical in determining BP’s strategic direction and leadership stability.

The strategy reset brought BP more in line with ... guidance of 2.2 mmboe/d and production of 2.4 mmboe/d in 2024. BP plans to divest $20 billion in assets, including Castro.

BP's strategy reset focuses on increasing oil and ... The company plans to cut capital expenditures, target mid-teen ROI projects, and divest non-core assets like Castrol to strengthen its balance ...

That’s because, the heart of BP’s 2020 Strategic Plan was to cut investment in oil and gas production and to divest projects right at the bottom of the commodity price cycle. As a result ...

“Today we have fundamentally reset BP’s strategy,” Auchincloss said ... Jefferies analyst Giacomo Romeo said BP’s $20 billion divestment programme and $5 billion cut in low carbon ...

In February, BP revealed a new growth strategy focused on extracting more ... made six exploration discoveries and have progressed our divestment programme – all while delivering strong ...

The divestment aims to streamline BP’s portfolio and strengthen its financial footing amid strategic recalibration under CEO Murray Auchincloss. According to sources familiar with the matter ...