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flag BP to sell 65% of Castrol to Stonepeak for $6 billion, focusing on core energy operations.

flag BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for $6 billion, marking a major shift in the company’s portfolio. flag The transaction, valued at $10 billion enterprise value, will allow BP to focus on its core energy operations. flag CPP Investments has also acquired a minor stake in Castrol as part of the deal. flag The sale is expected to close in early 2026.

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