News

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 ...
BP's $8 billion Castrol sale draws interest from CD&R, a firm linked to its chairman, adding intrigue to a high-stakes ...
BP counts the BP Whiting Refinery as its largest refinery worldwide. The 1,400-acre facility can refine more than 440,000 barrels of crude oil a day, largely shipped in via pipeline from Canada's ...
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg. The potential divestment comes as the oil giant ...
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...
The transaction includes around 300 bp-owned or branded retail sites - some with on-site EV charging infrastructure - as well ...
BP’s lubricants business could be worth about $8 billion to $10 billion based on an earnings before interest, tax, depreciation and amortization of $1 billion, analysts at RBC Capital wrote in a ...
BP’s asset sales decision followed as activist investor Elliott Management pressured the company for strategic changes and operational ... Early Interest in Castrol Emerges as BP Opens Bidding.
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 ...