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BP Set to Sell 65% of Castrol for $6 Billion

12/25/2025

50 9 Full Breakdown

Summary

BP Sells Castrol Stake

British Petroleum (BP) is nearing a deal to sell 65% of Castrol to Stonepeak for approximately $6 billion, valuing Castrol at $10.1 billion.
BP will retain a 35% stake through a joint venture and may sell it after a two-year lock-in.
The deal is expected to close by end of 2026 and supports BP's plan to divest $20 billion by 2027 to reduce its $26 billion debt.

Summary

BP Divests Castrol

BP plc (the British energy company) will sell 65% of Castrol lubricants to Stonepeak Infrastructure Partners for $6 billion, valuing Castrol at $10.1 billion.
The deal is part of BP's $20 billion divestment plan to cut net debt from $26 billion to $14–$18 billion by 2027.
BP will retain a 35% stake in a Castrol joint venture and may sell it after a two-year lock-up; closing is expected by end-2026.

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BP Sells Castrol Stake

British Petroleum (BP) is nearing a deal to sell 65% of Castrol to Stonepeak for approximately $6 billion, valuing Castrol at $10.1 billion.
BP will retain a 35% stake through a joint venture and may sell it after a two-year lock-in.
The deal is expected to close by end of 2026 and supports BP's plan to divest $20 billion by 2027 to reduce its $26 billion debt.

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