BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...

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 ...

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

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 ...

Jefferies downgraded BP on Monday to ‘hold’ from ‘buy’ and slashed the price target to 390p from 550p.

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 ...

“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 ...

This divestment is part of BP's $20 billion ... by the conclusion of the third quarter of this year. This strategic move aligns with BP’s broader portfolio management strategy and is expected ...

In a strategic shift, bp recently announced plans to reduce renewable energy investments and increase annual oil and gas investments to $10bn. The company is also reviewing the sale of its Castrol ...