All articles tagged with #bp
Originally Published 19 days ago — by BP Global
bp has agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, as part of its strategy to simplify its portfolio and strengthen its balance sheet, with the transaction expected to complete by the end of 2026 and proceeds used to reduce debt.
Originally Published 19 days ago — by Reuters
BP is selling a 65% stake in its Castrol lubricants business to private equity firm Stonepeak for $6 billion as part of its strategy to reduce debt and focus on core oil and gas operations, with BP retaining a 35% stake and the deal expected to complete by the end of 2026.
Originally Published 20 days ago — by The Guardian
BP has agreed to sell a 65% stake in its Castrol lubricants business to US investment firm Stonepeak for $10.1 billion, as part of BP's strategy to reduce debt and streamline operations, with proceeds to be used for debt repayment and strategic refocusing.
Originally Published 20 days ago — by BBC
BP has sold a 65% stake in its Castrol motor oil division to US investment firm Stonepeak for $6 billion, valuing Castrol at $10.1 billion, as part of BP's strategy to focus on core oil and gas businesses and reduce debt, while shifting away from green energy investments.
Originally Published 20 days ago — by CNBC
BP is selling a 65% stake in its Castrol lubricants unit to Stonepeak for $6 billion, valuing the unit at $10.1 billion, as part of a broader strategy to divest $20 billion of assets and focus on core oil and gas operations. The sale is a milestone in BP's strategic reset, which includes leadership changes and a focus on simplifying its business.
Originally Published 20 days ago — by Stonepeak
Stonepeak is set to acquire a majority stake in Castrol from BP in a $10.1 billion deal, with BP retaining a 35% interest and CPP Investments investing up to $1.05 billion, supporting Castrol's growth in the global lubricants market.
Originally Published 25 days ago — by The Guardian
Meg O’Neill, a seasoned energy executive and the first female CEO of BP, is seen as a transformative leader poised to steer BP away from green energy and back towards fossil fuel production, leveraging her extensive experience in the oil industry and her reputation as a 'hard-nosed' outsider.
Originally Published 26 days ago — by Financial Times
Meg O’Neill, a former Exxon executive, has been appointed to lead BP's efforts to turn around its performance, bringing her extensive industry experience to the role.
Originally Published 26 days ago — by CNBC
BP has appointed Meg O’Neill, CEO of Woodside Energy, as its new CEO, marking a shift back to focusing on core oil and gas businesses after a period of green energy emphasis. She will succeed Murray Auchincloss, who will step down, with interim CEO Carol Howle taking over until April. This leadership change is seen as a move to stabilize BP and refocus on its traditional strengths amid recent underperformance and strategic reset efforts.
Originally Published 26 days ago — by Bloomberg.com
BP appointed Meg O’Neill as its first female CEO, signaling a shift back to focusing on oil, gas, and LNG amid struggles and pressure from activist investors to divest from renewables and cut costs, aiming to revive the company's fortunes.
Originally Published 26 days ago — by BBC
BP has appointed Meg O'Neill as its new CEO, making her the first woman to lead a major global oil company, following the resignation of Murray Auchincloss amid leadership instability. O'Neill, previously at Woodside Energy, will focus on restoring BP's market leadership and balancing safety, innovation, and sustainability, amid a strategic shift towards increased oil and gas production.
Originally Published 26 days ago — by Financial Times
BP has replaced its CEO Murray Auchincloss after less than two years in the role, signaling a leadership change within the company.
Originally Published 26 days ago — by BP Global
BP p.l.c. announced that Meg O’Neill will become the new CEO effective April 2026, succeeding Murray Auchincloss who will step down in December 2023 and serve as an advisor until then. O’Neill, currently CEO of Woodside Energy, brings extensive experience in the energy sector, and her appointment is part of BP’s strategy to become a more streamlined and profitable company. Carol Howle will serve as interim CEO until O’Neill’s arrival.
Originally Published 28 days ago — by Financial Times
Shell's mergers chief has left the company after the CEO blocked a proposed bid for BP, highlighting internal disagreements over strategic acquisitions.
Originally Published 28 days ago — by CNBC
Jim Cramer recommends selling BP stock during his Lightning Round segment, while expressing positive views on Cencora and Agnico, and suggesting Cardinal Health as a strong competitor.