BP is considering selling its lubricants business, Castrol, according to Reuters.
In a report from Bloomberg News this past Tuesday, people familiar with the matter shared that selling Castrol is one of several options BP is considering in an effort to regain investor confidence, following years of underperformance.
The sale could potentially be worth around $10 billion in a deal. A potential investment could possibly be announced during BP's capital markets day on Feb. 26.
About the Author
NOLN Staff Reporters
The NOLN staff reporters cover the quick maintenance industry every day, from top to bottom. For news inquiries, please contact [email protected].
The NOLN Newsletter is the Definitive Source for Quick Maintenance Success
