BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...
Downgrading BP to Hold as energy markets are well-supplied, oil prices are likely to trend lower, and refining margins remain weak. BP's earnings and revenue growth have stalled since 2023, and the ...