BP p.l.c. (NYSE:BP) is included among the 12 Best European Dividend Stocks to Buy Now. Piper Sandler Raises BP Price Target to $44, Maintains Neutral Rating On November 10, Piper Sandler raised its pr⁠ice t​arget o​n BP p.l.c. (NYSE:BP) to $‍44 from $41 while maintaining a Neutral rating on t⁠he shares, as reported by The Fly. In the th‌ird quarter of 2025,‍ BP p.l.c. (NYSE:BP) reported reve⁠nue of $49.2 billion, up 2% from the sam‌e period la‍st year. Upst‌ream pl‌ant reliabilit​y stood​ at 96.8%, supp ...

Core Viewpoint - BP is actively negotiating with Stonepeak for the sale of its Castrol lubricants unit, which is a significant move towards achieving its $20 billion divestment target [1] Company Summary - The sale of the Castrol lubricants unit represents a major step for BP in its strategy to divest assets [1] - The divestment goal set by BP is $20 billion, indicating a substantial restructuring effort within the company [1] Industry Summary - The potential sale highlights ongoing trends in the energy sector where companies are focusing on divestments to streamline operations and improve financial health [1]

Mergers and Acquisitions - One Rock Capital Partners is among the remaining bidders for BP's Castrol lubricants business [1] - One Rock Capital Partners is a US mid-market private equity firm [1]

Core Insights - BP plc has initiated the sale of its Castrol lubricants business as part of a strategy to raise $20 billion by 2027 through asset divestments [1][2] - The sale is expected to streamline BP's portfolio and enhance its financial stability under CEO Murray Auchincloss [1][6] - Analysts estimate that the Castrol sale could generate between $10 billion and $11 billion, making it one of the largest divestments in BP's current pipeline [4] Company Strategy - BP has engaged Goldman Sachs to manage the sale process and has circulated an information memorandum to potential bidders [2] - The divestment of Castrol is part of a broader restructuring effort that includes evaluating other non-core assets such as the Gelsenkirchen refinery in Germany and a 50% stake in Lightsource bp [5] - The decision to sell assets follows pressure from activist investor Elliott Management for strategic changes and operational efficiencies [6] Market Interest - Early interest in the Castrol business has been noted, with reports indicating that Saudi Aramco has expressed interest [7] - The formal sale process and the involvement of Goldman Sachs suggest increasing momentum in BP's divestment program [7]