BP Plc (BP) Nears Castrol Sale Amid Strategic Shifts and Investor Pressure. ... Elliott is compelling BP to generate $20 billion in annual free cash flow by 2027, cut costs, and divest non-core ...

BP plc BP, the UK-based energy major, has officially launched the sale of its Castrol lubricants business, marking a significant move in the British energy giant’s plan to raise $20 billion by ...

Shell plc offers solid dividends, buybacks, and fair valuation, but no major upside on a BP p.l.c. merger. Click for my look ...

Before that, on February 26, 2025, BP management unveiled a strategic plan to divest around $20 billion in assets by the end of 2027. The Castrol lubricants business was among the first to undergo ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that energy ...

BP’s latest plan is to return 30%-40% of cash flow to shareholders and grow the dividend by 4% per year. This payout ratio is in line with that of most European integrated oil peers. Its latest ...

The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason for boss Wael Sawan to pursue a deal. But the M&A math could look quite a ...

BP's size, asset complexity and limited buyer interest make a near-term takeover highly unlikely, say Moelis bankers.