BP Considers Castrol Sale

bp considers Castrol lubricants business sale
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg. The potential divestment comes as the oil giant seeks to regain investor trust after a period of underperformance.
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.
BP Considers Castrol Sale as Elliott Turns Up the Heat
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor Elliott Management
BP weighs potential sale of Castrol Lubricants unit amid Elliott push
A sale of the business is one of the many options BP is considering to win back investor confidence after years of under performance
BP weighing sale of lubricants unit amid Elliott push - Bloomberg
BP is considering a potential sale of its lubricants business in a deal that could fetch ~$10B, Bloomberg reports.
BP weighs sale of Castrol lubricants unit worth about $10B, Bloomberg says
BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from
BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused
BP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling its lubricants business. Shares were up marginally in after-hours trading.
The Star3d
BP weighs sale of Castrol lubricant unit
The Castrol brand serves customers in more than ... as well as making sizeable non-core asset divestments. BP’s lubricants business could be worth about US$8bil to US$10bil based on an earnings ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
BP mulls £8bn sale of motor oil arm Castrol as investors demand a shake-up at the energy giant
Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a 'new direction' for the ...
Financial Post4d
BP Weighs Sale of Castrol Lubricants Unit Amid Elliott Push
The oil major’s unit, which operates under the Castrol brand, could be worth about $10 billion in a deal, the people said, asking not to be identified as the matter is private. A sale of the ...
Transport Topics3d
BP Weighs $10 Billion Sale of Castrol Lubricants Unit
The Castrol brand serves customers in more than ... as well as making sizable non-core asset divestments. BP’s lubricants business could be worth about $8 billion to $10 billion based on an ...