BP is considering selling Castrol lubricants business to regain investor confidence

From StockTwits: 2025-02-19 01:08:25

BP Plc is considering selling its lubricants business, including the Castrol brand, valued at about $10 billion, per a Bloomberg report. The move is part of efforts to regain investor confidence, following activist investor Elliott Investment Management’s acquisition of a nearly 5% stake in BP. The company may announce the potential divestment during its capital markets day on Feb. 26. BP CEO Murray Auchincloss is expected to unveil a new company strategy. Retail sentiment on Stocktwits shifted from ‘extremely bullish’ to ‘bullish,’ with BP’s U.S. shares falling 0.7% over the past year.



Read more at StockTwits: BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused