BP p.l.c. Sponsored ADR (BP)
BP (BP) Stock Sinks As Market Gains: Here's Why
BP (BP) closed at $34.36 in the latest trading session, marking a -4.87% move from the prior day.
BP p.l.c.: Castrol Sale And Implications
BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher capital efficiency, focusing resources on core upstream oil and gas assets. The company's valuation remains compelling, trading at a P/E of 11.9x—well below U.S. peers—reflecting its strategic refocus and discounted European sector multiples.
Big Energy Equals Big Dependable Dividends: 5 High-Yield Blue Chips to Buy for 2026
West Texas Intermediate (WTI) crude has fallen below $60 per barrel due to a combination of oversupply and weak demand.
Which Oil and Gas Stocks Are Best Positioned for AI Adoption
BP, CVX, XOM, and TTE are using AI to transform energy operations, driving efficiency, emissions cuts and returns.
BP Selling A 65% Stake In Castrol Could Be A Great Move
BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B range by 2027, enhancing balance sheet strength and flexibility. Castrol contributed just 3.5% of BP's quarterly Adjusted EBITDA; the deal pulls forward five years of Castrol EBITDA, while BP retains a 35% stake.
BP to Sell 65% Stake in Castrol to Stonepeak for $10B EV
BP agrees to sell 65% of its Castrol stake to Stonepeak, valuing the business at $10.1B and generating about $6B to cut debt.
Stonepeak, CPPIB look to buy Castrol India shares at premium following BP deal
Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, they said on Wednesday, following their deal to acquire the firm from parent BP.
Wall Street Breakfast Podcast: BP Cashes In On Castrol
BP (BP) will sell a 65% stake in Castrol to Stonepeak, valuing the unit at $10.1 billion. Waymo (GOOGL) will update its fleet software and emergency protocols after a San Francisco blackout immobilized vehicles.
BP sells majority stake in Castrol in $10bn deal to cut debt
BP PLC (LSE:BP.) has agreed to sell a 65% stake in its Castrol lubricants business to the investment firm Stonepeak, valuing the business at about $10 billion and marking one of the biggest steps yet in the oil major's plan to slim down and shore up its finances.
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP on Wednesday said it has agreed to sell a 65% stake in its Castrol unit to investment firm Stonepeak for about $6 billion.
BP nears deal to sell majority stake in Castrol to Stonepeak, WSJ reports
BP is nearing a sale of a majority stake in its Castrol lubricants business to investment firm Stonepeak in a deal that values the entire division at $10 billion including debt, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
BP Is Near Deal to Sell Majority Stake in Castrol to Stonepeak in $10 Billion Deal
Sale of lubricants business is part of British energy giant's plan to raise $20 billion from asset sales
