BP share price has pulled back in the past few weeks as investors have watched energy prices dip. The stock was trading at ...

The deal comes amid BP’s debt reduction plans and a target to reduce its net debt to between $14 billion and $18 billion by ...

BP is close to selling a majority stake in its Castrol unit to Stonepeak for $6 billion. The deal is part of BP's plan to ...

BP is selling its $10 billion, majority stake in Castrol to U.S. investment company Stonepeak in an effort to pay down its ...

BP has agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak for $6 billion, advancing its $20 billion ...

BP kicked off the sale process for Castrol in February. After a two-year lock-up period, BP has the option to sell its stake. The deal gives Castrol, one of the largest engine lubricant businesses in ...

Stonepeak, founded by former Macquarie banker Mike Dorrell, is taking advantage of a divestment-led plan to turn around BP’s ...

BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, ...

The sale proceeds, which include US$800 million for accelerated dividend payments, will be used to reduce debt Read more at ...

British oil giant BP announced Wednesday that it has reached an agreement to sell its 65% stake in Castrol to US-based ...

Oil giant BP is bracing itself for a shareholder backlash at its annual general meeting (AGM) on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green ...