London, Dec 24, 2025 (AFP) - BP to sell majority stake in Castrol lubricants business

NAMPA / AFP

2025-12-24

British oil giant BP said Wednesday it has agreed to sell a majority stake in its Castrol lubricants business to US investment firm Stonepeak, as it seeks to cut debt. The sale of BP's 65 percent stake will net it around $6 billion, the company said in a statement. The deal, which values Castrol at $10.1 billion, is expected to be completed by the end of 2026. Castrol will be owned by a joint venture, with BP retaining a minority stake. "The sale......

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