BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...

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 ...

The asset has drawn particular interest ... Before that, on February 26, 2025, BP management unveiled a strategic plan to divest around $20 billion in assets by the end of 2027.

The Russian major acquired a license for the development of one of the world's biggest rare earth metals deposits.

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...

BP (BP) appointed David Hager—a veteran of the U.S. oil and gas industry, as a non-executive director effective June 2, 2025.

BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, ...