BP has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported.

But if that's all BP has to pay, the oil giant may be getting off cheap. BP Agrees to Put $20B in Escrow to Pay Claims ... said Geoff Styles of GSW Strategy Group. The company likes to use the ...

Despite lack of disclosure by BP about the volume of oil spilling from its well in the Gulf of Mexico, the company's agreement to create a $20 billion fund to pay claims may help BP in defending ...

BP (NYSE:BP) -1.4% pre-market Wednesday after unveiling its anticipated strategic reset to raise annual ... $13B-$15B through 2027 while targeting $20B in divestments during the period.

Elliott contends that BP’s “fundamental reset strategy,” presented by CEO Murray Auchincloss in February, is not enough. The activist investor reportedly presented an alternative plan.

LONDON, April 25 (Reuters) - Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and change its structu... CAPE TOWN, April 24 (Reuters) - Namibia ...

BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...