BP: Castrol Sale And Implications (NYSE:BP)

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 infrastructure investment firm Stonepeak [1] Group 1: Transaction Details - The sale involves a significant portion of BP's Castrol business, indicating a strategic shift in the company's focus [1] - The transaction highlights BP's ongoing efforts to optimize its portfolio and enhance shareholder value [1]