bp agrees to sell a 65% shareholding in Castrol

bp agrees to sell a 65% shareholding in Castrol to Stonepeak, provides great opportunity for Castrol to unleash its growth potential

bp has agreed to sell a 65% shareholding in Castrol to Stonepeak.

This is a great opportunity for Castrol to unleash its true growth potential through accelerated investment and a more independent ownership model.

We’re excited as this has the potential for us to take our existing Onward, Upward, Forward strategy to the next level.

Subject to necessary approvals, we expect the sale to be completed by the end of 2026.