BP Said to Plan Castrol Sale, Ditch Plan to Cut Oil Output (1)
7 hours ago · BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist investor Elliott Investment Management, according to people familiar with the matter.. In a crucial strategy presentation on Wednesday, Chief Executive Officer Murray Auchincloss has promised to ...
BP Weighs Sale of Castrol Lubricants Unit Amid Elliott Push - Bloomberg.com
Feb 18, 2025 · BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people familiar with the ...
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg …
Feb 18 (Reuters) - Oil major BP (BP.L), opens new tab is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported ...
BP to Prepare Sale of Castrol Lubricants Business - TT
7 hours ago · BP will look to divest its lubricants unit, which operates under the Castrol brand and could potentially be worth about $10 billion. (Waldo Swiegers/Bloomberg)
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg
(Reuters) - 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 ...
BP Considers Selling Lubricants Business in $10 Billion Deal, Bloomberg …
6 days ago · BP Considers Selling Lubricants Business in $10 Billion Deal, Bloomberg Says, Citing Sources ... --BP's lubricant business operates under the Castrol brand and could be worth about $10 billion in ...
BP weighs sale of Castrol lubricants unit worth about $10B, Bloomberg …
Feb 18, 2025 · BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from activist investor Elliott, Bloomberg’s Dinesh Nair, Ruth ...
BP Considers Castrol Sale as Elliott Turns Up the Heat
6 days ago · BP PLC is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor Elliott Management for strategic changes. Bloomberg , citing sources, values ...
BP Weighs $10 Billion Sale of Castrol Lubricants Unit
Feb 18, 2025 · Elliott, which has built up a stake worth about £3.7 billion ($4.7 billion) in BP, is demanding that it make drastic cost cuts and divestments to strengthen its future as a standalone company ...
BP weighing sale of lubricants unit amid Elliott push - Bloomberg
Feb 18, 2025 · Oli Scarff/Getty Images News. 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 ...
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