Bank of America analyst Christopher Kuplent warned that despite the headline cash inflow, the disposal leaves BP facing more than 10% downside to the company’s share price.
The agreement is the oil company's most ambitious asset sale so far as it tries to cut debt and boost returns while scaling ...
BP p.l.c. accelerates debt reduction with a $20B divestment, refocusing on core assets. Click for this BP update as its sells ...
BP sells 65% of Castrol for $6B to cut debt and boost flexibility. Discover how this strategic move supports BP’s stock value ...
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BP to Sell 65% Stake in Castrol to Stonepeak for $10B EV
BP agrees to sell 65% of its Castrol stake to Stonepeak, valuing the business at $10.1B and generating about $6B to cut debt.
(Bloomberg) --BP Plc agreed to sell a majority stake in its Castrol lubricants division to US investment firm Stonepeak Partners, marking a key milestone as the oil and gas major seeks to reduce debt ...
BP (BP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future ...
BP (BP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this oil ...
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