Dec 29, 2025 • Reuters
NEUTRAL
India's Reliance Industries says there is no $30 billion claim against company, BP
India's Reliance Industries has denied a Reuters report claiming the Indian government sought $30 billion in compensation from Reliance and BP for gas underproduction. Reliance stated that the report was "factually incorrect" and that the matters are sub judice and will be determined by the judicial system. The initial Reuters report alleged the arbitration case concerned gas the companies failed to produce from offshore fields.
Dec 29, 2025 • TipRanks
BULLISH
BP to Sell 65% of Castrol to Stonepeak in $10 Billion Deal to Accelerate Debt Reduction
BP has agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak for an enterprise value of $10.1 billion, with BP set to receive approximately $6 billion in net proceeds. These funds will be used to reduce net debt as part of its $20 billion divestment program. BP will retain a 35% stake in the new Castrol joint venture, aiming to simplify its portfolio, sharpen its downstream focus, and strengthen its balance sheet while preserving future growth in key markets.
Dec 29, 2025 • Stock Titan
BULLISH
BP (NYSE: BP) Divests Majority Castrol Stake, Raising $6.0B to Cut Debt
BP has agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak for an enterprise value of $10.1 billion, with BP expecting to receive approximately $6.0 billion in net proceeds. These proceeds will be entirely used to reduce BP's net debt, supporting its $20 billion divestment program and targeting a net debt of $14–18 billion by the end of 2027. Although BP will retain a 35% interest in Castrol, it does not expect to recognize earnings or receive dividends from the joint venture in the short to medium term.
Dec 26, 2025 • Yahoo Finance Singapore
NEUTRAL
BP to Sell 65% Stake in Castrol to Stonepeak for $10B EV
BP has agreed to sell a 65% stake in Castrol to Stonepeak, creating a new joint venture, at an estimated enterprise value of $10.1 billion, with BP set to receive around $6 billion in net proceeds. This divestment aligns with BP's strategy to reduce debt and focus on more profitable businesses, aiming to lower its debt to $14-$18 billion by the end of 2027. The deal, expected to close by the end of 2026, contributes to BP's $11 billion divestment target and is seen as a move to enhance shareholder value.
Dec 24, 2025 • BP Global
BULLISH
bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion
bp has announced an agreement to sell a 65% stake in Castrol to Stonepeak at an enterprise value of $10.1 billion, generating approximately $6.0 billion in net proceeds for bp. This divestment is a significant step in bp's strategy to simplify its portfolio, strengthen its balance sheet, and focus its downstream operations, with the proceeds dedicated to reducing net debt. bp will retain a 35% stake in the newly formed joint venture, providing continued exposure to Castrol's growth while maintaining future optionality.
Dec 24, 2025 • Stonepeak
SOMEWHAT-BULLISH
Stonepeak to Acquire Majority Controlling Interest in Castrol from bp
Stonepeak, an alternative investment firm, has announced an agreement to acquire a majority controlling interest in Castrol from BP p.l.c. for approximately $10.1 billion. BP will retain a 35% minority interest, and Canada Pension Plan Investment Board will also invest in the transaction. This deal aims to support Castrol's growth and innovation in the global lubricants market.