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’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 ...

BP is reducing total annual capital spending as part of its strategic reset ... d and production of 2.4 mmboe/d in 2024. BP plans to divest $20 billion in assets, including Castro.

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift ... BP to announce significant asset sales. The company has been weighing the divestment of its automotive ...

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 ...