SENSEX
NIFTY
GOLD
USD/INR

Weather

image 21    C

Company News

The Economic Times News

Company / The Economic Times

details

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.

24 Dec 2025 1:02 pm