BP (BP) is in advanced discussions to sell its Castrol lubricants group to Stonepeak in a deal that could value Castrol at more than $8B, The Financial Times reports, citing people familiar with the matter. BP could retain a significant minority stake in Castrol, the people say.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- Midday Fly By; Kalshi hits $11B valuation, MongoDB reports Q3 beat
- BP withdraws application for hydrogen project in England, WSJ reports
- BP Announces Total Voting Rights and Share Capital as of November 2025
- BP Launches $750 Million Share Buyback Program
- BP,Shel,CVX: Oil Stocks Look Slicker as Ukrainian Drones Batter Russian Supply Lines