BP to Sell Majority Stake of Castrol to Stonepeak

Core Viewpoint - BP Plc has agreed to sell a majority stake in its Castrol lubricants division to Stonepeak Partners for approximately $6 billion, divesting a 65% stake while retaining the remaining interest through a joint venture [1] Group 1 - The transaction aims to raise about $6 billion for BP Plc [1] - BP will divest a 65% stake in the Castrol lubricants division [1] - The remaining interest will be retained by BP through a joint venture [1]