BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it embarks on a shift away from renewable energy amid pressure from activist ...

BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn ...

BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential ...

A sale of the business is one of the many options BP is considering, the report said, adding that the unit is also among the assets that Elliott Management has identified for potential disposals ...

Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a 'new direction' for the ...

BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.

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A sale of the business is one of the many options BP is considering to win back investor confidence after years of under ...

According to Bloomberg, talks about selling Castrol are under way and the plans could be announced at the capital markets day next Wednesday. Speculation over the sale came as a group of 48 ...