[Stay on top of transportation news: Get TTNews in your inbox.] BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a ...

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, ...

BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027. The company's strategy reset will ...

BP said it is selling a 65% stake in its Castrol lubricants business for $8 billion, as part of a plan to simplify the business following a review that started under former Chief Executive Officer ...

BP said it has agreed to sell a majority stake in its Castrol lubricants business to investment firm Stonepeak, a deal that values the entire division at $8 billion. Under the deal, BP is set to ...

(Reuters) -One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar ...

BP has agreed to divest a majority stake in its Castrol lubricants business to Stonepeak at a $10 billion enterprise value, generating roughly $6 billion in proceeds to accelerate debt reduction and ...

Dec 24 (Reuters) - BP has agreed to sell a 65% stake in ‌its Castrol lubricants business to U.S. private equity firm ‌Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion ...

BP said it is selling a 65% stake in its Castrol lubricants business for $10 billion including debt as part of a plan to simplify the business following a review that started under former Chief ...

Aramco said last year it's looking for more refining and chemicals acquisitions in Asia and sees China, India and southeast Asia as its big growth markets. Image by styf22 via iStock Saudi Aramco is ...