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BP weighing sale of lubricants unit

BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports

Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Seeking Alpha on MSN · 4d

BP weighing sale of lubricants unit amid Elliott push - Bloomberg

BP (NYSE:BP) is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, in one of the many options the company is considering to win back investor confidence after years of lagging performance,

Hosted on MSN · 3d

BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused

BP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling its lubricants business. Shares were up marginally in after-hours trading.

1d

BP’s CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet

“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...

Hosted on MSN3d

bp considers Castrol lubricants business sale

BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn ...

3don MSN

BP mulls £8bn sale of motor oil arm Castrol as investors demand a shake-up at the energy giant

Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a 'new direction' for the ...

4dOpinion

BP Is a Symbol of the British Boardroom Disease

The UK oil major faces activist pressure to retreat from a disappointing energy-transition strategy. But recent failures are ...

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