Wed, 24 Dec 2025

Wed, 24 Dec 2025 BP sells stake in motor oil arm Castrol for $6bn

BP has sold a 65% stake in its motor lubricant arm Castrol to US-based investment firm Stonepeak.
BP has agreed to sell a majority stake in its Castrol division, valued at $10.1 billion, to US investment firm Stonepeak for $6 billion. The deal sees BP offload 65% of Castrol, which manufactures lubricants for various vehicles, with the oil giant retaining a 35% stake. The sale is part of BP's efforts to reduce debt and focus on its core business after announcing plans to divest up to $20 billion in assets by 2027. With this deal, BP has made significant progress towards meeting that target, having already sold several other businesses including its US onshore wind energy and Dutch mobility units. The sale also marks a shift back towards traditional oil and gas operations for the company, following pressure from investors who were concerned about its green energy investments not generating sufficient returns.
  >>