BP nears deal to sell majority stake in Castrol to Stonepeak, WSJ reports

Core Viewpoint - BP is close to selling a majority stake in its Castrol lubricants business to Stonepeak, valuing the division at $10 billion including debt [1] Group 1 - The deal involves a majority stake sale, indicating BP's strategic move to divest from certain business segments [1] - The valuation of the Castrol division at $10 billion reflects the significant market position and potential of the lubricants business [1]