BP Begins Sale of Castrol in $20B Asset Divestment Strategy

BP plc (BP) , the UK-based energy major, has officially launched the sale of its Castrol lubricants business, marking a significant move in the British energy giant’s plan to raise $20 billion by 2027 through asset sales. The divestment aims to streamline BP’s portfolio and strengthen its financial footing amid strategic recalibration under CEO Murray Auchincloss.According to sources familiar with the matter, BP has enlisted Goldman Sachs to handle the sale process and has already circulated an information ...