BP Completes Sale of 65% Stake in Castrol to Investment Firm Stonepeak for $6Bln

NAMPA / Sputnik
2026-11-02
MOSCOW, November 2 (RIA Novosti) - UK energy company bp said on Monday that it had completed the sale of its 65% stake in lubricant manufacturer Castrol to the Stonepeak investment fund for $6 billion. "Completion of the sale of 65% of Castrol to leading alternative investment firm Stonepeak unlocks net proceeds of $6 billion, which bp will use to strengthen the balance sheet," the statement read. Castrol itself will operate as an independent com......
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