financetom
Business
financetom
/
Business
/
Market Chatter: BP in Talks With Stonepeak Over Castrol Lubricants Unit's Sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: BP in Talks With Stonepeak Over Castrol Lubricants Unit's Sale
Nov 13, 2025 2:34 AM

05:25 AM EST, 11/13/2025 (MT Newswires) -- BP (BP) is in active talks with Stonepeak over the sale of its Castrol lubricants unit, Reuters reported Wednesday, citing two sources familiar with the matter.

Castrol's sale process started earlier this year and Reuters said it will help BP meet its $20 billion divestment goal. One of the sources told Reuters that Stonepeak and One Rock submitted bids for Castrol in September.

No financial details were disclosed.

BP and Stonepeak did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soup Giant Campbell's Q2 Earnings: Sales Miss Despite Sovos Boost, Cuts Full-Year Outlook
Soup Giant Campbell's Q2 Earnings: Sales Miss Despite Sovos Boost, Cuts Full-Year Outlook
Mar 5, 2025
Canned soup products maker The Campbell’s Company shares are trading lower in premarket on Wednesday. The company reported second-quarter sales growth of 9% to $2.685 billion, missing the analyst consensus estimate of $2.74 billion. The increase was driven by the benefit from the Sovos Brands acquisition. Organic net sales decreased 2% to $2.4 billion, driven by net price realization with...
Garmin Expects Q2 Approval of GFC 600H Flight Control System for Airbus H130 Retrofit
Garmin Expects Q2 Approval of GFC 600H Flight Control System for Airbus H130 Retrofit
Mar 5, 2025
08:51 AM EST, 03/05/2025 (MT Newswires) -- Garmin ( GRMN ) said Wednesday it expects to receive in Q2 Supplemental Type Certificate approval for its GFC 600H flight control system for retrofit in Airbus H130 helicopters. The company said the system is designed to reduce pilot workload and includes features such as attitude hold, hover assist, and stability protection. It...
Celanese Unit Launches Cash Tender Offers for Senior Notes
Celanese Unit Launches Cash Tender Offers for Senior Notes
Mar 5, 2025
08:48 AM EST, 03/05/2025 (MT Newswires) -- Celanese (CE) said Wednesday that its Celanese US Holdings unit has launched offers to buy for cash any validly tendered notes worth up to 500 million euros ($535.2 million) of its 4.777% senior notes due 2026 and $250 million of its 6.415% senior notes due 2027. The tender offers will expire at 5...
Expro Group Awarded More Than $10 Million in Contracts for Black Sea Natural Gas Project
Expro Group Awarded More Than $10 Million in Contracts for Black Sea Natural Gas Project
Mar 5, 2025
08:47 AM EST, 03/05/2025 (MT Newswires) -- Expro Group Holdings ( XPRO ) said Wednesday it has been awarded more than $10 million in contracts from European energy producer OMV Petrom for a natural gas project in the Black Sea in offshore Romania. The contracts cover Expro's ( XPRO ) subsea landing string, SeaCure, cementing technology, tubular running services and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved