BP to sell majority stake in Castrol to Stonepeak for $6 billion

NAMPA / DPA

2025-12-24

London (PA Media/dpa) - BP has announced the sale of a majority stake in its lubricants business to a US investment firm in a deal valuing the unit at $10.1 billion, hailing the move as a "milestone" in its plans to strip out costs. New York-based Stonepeak has agreed to buy a 65% stake in Castrol. Castrol provides lubricants for motorists as well as for commercial vehicles and industrial sectors such as manufacturing. The sale is expected to rai......

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