BP sells Castrol lubricants business as part of structural adjustment

BP has announced the sale of its Castrol lubricants subsidiary as part of a major structural adjustment aimed at maximizing profitability from oil and gas. This divestment is part of a broader strategy to simplify the company and reduce structural costs by $5.5 billion to $6.5 billion by the end of 2027. The move reflects BP's shift back towards its core hydrocarbon business to improve financial viability and shareholder value.

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Castrol

company

Castrol, a subsidiary of BP plc, is a global manufacturer and marketer of lubricants and related products. Its advanced fluids and oils are critical for machinery and vehicles across automotive, marine, industrial, and infrastructure sectors worldwide, supporting operational efficiency and longevity.

bp

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BP is an integrated energy company delivering heat, light, and mobility products and services worldwide. Their strategy involves growing upstream operations, focusing downstream activities, and investing in the energy transition.