BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment ...

Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 billion to $9 billion and retire $4 billion in hybrid bonds by 2027, the ...

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported Thursday, marking a key step in the company's ...

The oil major’s unit, which operates under the Castrol brand ... s “more aggressive” approach could be pushing BP for a sale or spinoff of businesses such as lubricants, U.S. shale and ...

In March, Bloomberg had reported that Saudi Arabian oil giant Saudi Aramco was considering acquiring part or all of BP's Castrol unit. These new potential buyers are expected to participate in the ...

The oil major’s unit, which operates under the Castrol brand ... s “more aggressive” approach could be pushing BP for a sale or spinoff of businesses such as lubricants, US shale and ...

Feb 18 (Reuters) - Oil major BP (BP.L), opens new tab is considering a potential sale of its lubricants business, Castrol ... adding that the unit is also among the assets that Elliott Management ...