The private equity firm is bidding for the entire asset, the report said, adding that Canada Pension Plan Investment Board, another interested party, is only interested in taking a minority stake.

The five supermajors are adjusting to a prolonged slump in petrochemicals or, in Shell's case, looking to sell most remaining ...

BP will conduct 'a thorough review of our portfolio of businesses to ensure we are maximizing shareholder value'.

Divestments are viewed as a key element of the overhaul. BP has made progress on a series of small disposals, and said it still expects to raise as much as $4 billion this year. However, it’s yet to ...

A potential spin-off of BPX as a separately listed entity has been floated by analysts at Enverus and RBC. With strong ...

One Rock Capital Partners, a US mid-market private equity firm, is one of the few remaining bidders for BP Plc’s Castrol lubricants business, people familiar with the matter said, illustrating ...

BP's quarterly performance was boosted by a 33% profit increase at its customers and products division, driven by strong oil trading, higher volumes, and a 20% rise in earnings at its Castrol unit.

Italy's ACEA restates 2024 results, raises guidance to reflect energy unit sale By Reuters July 24, 20253:40 AM PDTUpdated July 24, 2025 Companies ...

Reuters reported in May that BP kicked off the sale of the Castrol lubricants business, which could raise between $8 billion and $10 billion.