BP is making strategic shifts, selling a majority stake in Castrol lubricants for over $10 billion. The move aligns with BP’s focus on streamlining its portfolio and boosting returns. The company’s CEO is stepping down, signaling a new emphasis on capital discipline and operational execution. BP also brought a new oil project online in the U.S. Gulf of Mexico, reinforcing its commitment to high-margin offshore output. These changes mark a significant recalibration for BP as it aims to improve performance and strategic focus in 2026.

Read more at Yahoo Finance: A Big End to the Year for BP