BP in advanced talks to sell $8bn Castrol unit to US investor Stonepeak.
ByAinvest
Thursday, Dec 4, 2025 10:37 am ET1min read
BP--
BP is in advanced talks to sell its $8bn Castrol unit to US private equity group Stonepeak. The sale is part of BP's efforts to raise $20bn from asset sales. Castrol is a leading lubricants business with a global presence. The deal is expected to be a significant step towards BP's goal of raising funds to reduce its debt and invest in low-carbon energy.
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