BP Stock News

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 ref...

West Texas Intermediate (WTI) crude has fallen below $60 per barrel due to a combination of oversupply and weak demand.

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 reta...

India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people with knowledge of the matter.

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.

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 share price has pulled back in the past few weeks as investors have watched energy prices dip. The stock was trading at 427p, down by 10% from its highest point in November.

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.