BP Considers Castrol Sale

BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.
BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused
BP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling its lubricants business. Shares were up marginally in after-hours trading.
bp considers Castrol lubricants business sale
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 seeks to regain investor trust after a period of underperformance.
BP Considers Castrol Sale as Elliott Turns Up the Heat
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor Elliott Management
BP weighs potential sale of Castrol Lubricants unit amid Elliott push
A sale of the business is one of the many options BP is considering to win back investor confidence after years of under performance
BP considering sale of lubricants business - report
BP is reportedly considering a potential sale of its lubricants business. Bloomberg cited people familiar with the matter as saying that the oil major’s unit - which operates under the Castrol brand - could be worth about $10 billion in a deal.
BP weighs sale of Castrol lubricants unit worth about $10B, Bloomberg says
BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from
BP Is Said to Weigh Sale of Lubricants Unit With Elliott Pushing
BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people familiar with the matter.
BP: 5 Levers To Pull At The Investor Day
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BP’s overhaul can start with a new Chair
Elliott wants BP to cap green spending, ditch renewable energy capacity targets, and sell off its wind and solar power generation business and potentially its Castrol lubricants, service ...