BP to sell 65% stake in Castrol to Stonepeak for $6 billion
- Posted on December 24, 2025
- By Business News Today
- 3 Views
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP is selling a major part of its Castrol lubricants business to Stonepeak for approximately $6 billion. This deal values Castrol at $10.1 billion. BP will keep a 35% stake in a new joint venture. The funds will help BP reduce its debt. This is a key step in BP's plan to sell assets and improve profitability.
