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

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

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.

T he hedge fund also urges divestment of BP’s solar ... Elliott’s pressure, aimed at boosting BP’s lagging stock, could reshape its strategy amid volatile oil prices, with Brent crude ...

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 ...

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 ...