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Market Chatter: BP in Talks With Stonepeak Over Castrol Lubricants Unit's Sale
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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.)

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