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BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports

Business & Policy
December 24, 2025

BP and Stonepeak did not immediately respond to Reuters’ requests for comment.

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Reuters reported in November that BP was in talks with Stonepeak about the sale of Castrol, which would be a significant step toward meeting the energy company’s $20 billion divestment goal.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi Aich)