BP Sells Castrol Stake to Stonepeak
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Tuesdays
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BP sells majority stake in Castrol to Stonepeak, valuing the lubricants business at $10.1 billion. This move is part of BPs $20 billion asset sale plan, aiming to focus on oil and gas, cut costs, and reduce debt. Castrol, known for car and industrial lubricants, is also expanding into AI data center cooling tech. The deal simplifies BPs portfolio, strengthens finances, and offers potential future upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
