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 ...

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 ...

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

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

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 said its head of strategy will leave the business as it continues to simplify its structure under its reset strategy. The British oil major said Tuesday that Giulia Chierchia will step down ...

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 ...