{"id":326810,"date":"2026-01-06T23:08:11","date_gmt":"2026-01-07T03:08:11","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/bp-sells-65-of-castrol-to-stonepeak-and-continues-downstream-strategy\/"},"modified":"2026-01-07T08:27:51","modified_gmt":"2026-01-07T12:27:51","slug":"bp-sells-65-of-castrol-to-stonepeak-and-continues-downstream-strategy","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/bp-sells-65-of-castrol-to-stonepeak-and-continues-downstream-strategy\/","title":{"rendered":"BP sells 65% of Castrol to Stonepeak and continues downstream strategy"},"content":{"rendered":"\n<p><strong>BP <\/strong>has reached an agreement to transfer 65% of its stake in <strong>Castrol <\/strong>to investment firm <strong>Stonepeak<\/strong>, valuing the deal at $10 billion in business terms. The decision is part of BP&#8217;s $20 billion divestment plan to strengthen its balance sheet and focus its strategy on its downstream business. <\/p>\n\n<h2 class=\"wp-block-heading\">Financial strengthening of Stonepeak<\/h2>\n\n<p>The agreement will provide <em>BP <\/em>with net proceeds of approximately $6 billion, which will be used to reduce net debt, which stood at $26.1 billion at the end of the third quarter of 2025. Such a move strengthens the company&#8217;s intention to achieve a target debt range of between $14 billion and $18 billion by 2027. <\/p>\n\n<p>The transaction establishes a joint venture: The company will have control with 65% of the shares, while BP will retain 35%, maintaining a strategic management presence and two board seats. The structure allows BP to participate in Castrol&#8217;s projected growth and retain a future exit option after a two-year lock-up period. <\/p>\n\n<p>The <strong>sale of Castrol<\/strong> closed at an implied EV\/EBITDA valuation of 8.6x, highlighting the profitability and growth potential of the brand. The total equity value was estimated at 8 billion, net of minority interests and other liabilities. It is worth mentioning that Castrol India, with a 49% stake, constitutes a relevant part of these assets.  <\/p>\n\n<p>Divestiture shows steady progress towards BP&#8217;s repositioning <strong><a href=\"https:\/\/inspenet.com\/en\/news\/bp-and-jera-create-global-offshore-wind-company\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/inspenet.com\/noticias\/alianza-de-bp-y-jera-impulsa-13-gw-en-eolica\/\" rel=\"noreferrer noopener\">repositioning BP<\/a><\/strong> as a company focused on integrated energy assets. By simplifying its portfolio and redirecting its resources, BP seeks to increase profitability, cash flow and accelerate the execution of its corporate strategy. <\/p>\n\n<p>From Stonepeak, the transaction represents a strong entry into the global lubricants business, considered essential to the efficient operation of vehicles and industries. With a 126-year history, Castrol maintains a leading position in the industry, backed by a strong brand and a portfolio of differentiated products. <\/p>\n\n<p><strong>Source and photo: <a href=\"https:\/\/www.bp.com\/en\/global\/corporate\/news-and-insights\/press-releases\/bp-agrees-to-sell-a-65-per-cent-shareholding-in-castrol-to-stonepeak-at-an-enterprise-value-of-10-billion.html\" target=\"_blank\" rel=\"noreferrer noopener\">bp<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The structure allows BP to participate in Castrol&#8217;s projected growth and retain a future exit option after a two-year lock-up period.<\/p>\n","protected":false},"author":8404,"featured_media":326783,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-326810","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/326810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/8404"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=326810"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/326810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/326783"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=326810"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=326810"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=326810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}