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 ... BP’s asset sales decision followed as activist investor Elliott Management pressured the company for strategic changes and operational ...

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

This strategic move is part of BP’s broader portfolio ... and gas exploration and production. The divestment program will likely involve the sale of assets, subsidiaries, or business units ...

BP has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, ...

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...

BP executive vice president for gas and low carbon energy William Lin said: “This unlocks capital from our global portfolio while retaining our role in this strategic asset for bringing ...

In the downstream sector, the company’s portfolio will be reshaped, with a focus on high-grading “advantaged and integrated positions,” with BP also unveiling a strategic review of Castrol.

BP’s strategic reset addresses previous concerns ... Notably missing from these asset divestment plans are sales of major upstream projects though, as I noted earlier, BP appears open to taking ...