BP p.l.c.: Castrol Sale And Implications

Core Viewpoint - BP p.l.c. announced the sale of 65% of its Castrol business, a leading manufacturer and distributor of premium lubricating oils, to U.S.-based Stonepeak [1] Group 1: Company Overview - BP is divesting a significant portion of its Castrol business, indicating a strategic shift in its operations [1] - The Castrol brand is recognized globally for its premium lubricating oils, highlighting its importance in the lubricants market [1] Group 2: Transaction Details - The sale involves 65% ownership transfer to Stonepeak, an infrastructure investment firm based in the U.S., suggesting a focus on investment in core operations [1]