Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash flow, but have questioned whether the company can obtain such a price given ...

The $78 bln oil major urgently needs a hands-on chair who its new activist can work with. Former BHP Chair Ken MacKenzie, who ...

The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in ...

Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...

Elliott Investment Management, a Florida-based investor that has pushed UK supermajor BP to accelerate its oil and gas pivot, ...

BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...

US investment giant Elliott Management has been pushing RWE, in which it holds a significant stake, to increase shareholder ...

BP's Castrol lubricant business is generating significant interest from major players like Reliance Industries, Apollo Global ...

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge ...

BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of ...

Activist shareholder Elliott Investment Management’s stake in BP could complicate the potential for any takeover bid for the UK major, according to UBS, following a report that rival Shell is ...