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BP to offload 65% stake in Castrol to US-based Stonepeak for $10.1 billion
The Morning Standard
|December 25, 2025
BP on Wednesday announced the sale of a 65% shareholding in Castrol to US-based Stonepeak at an enterprise value of $10.1 billion.
In a statement, the company said the transaction is likely to result in net proceeds of about $6.0 billion for BP. This includes $0.8 billion from the prepayment of future dividend income over the short to medium term on BP’s retained 35% stake, along with other adjustments.
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