https://www.reuters.com/markets/commodities/bp-weighs-sale-10-billion-castrol-lubricants-unit-bloomberg-news-reports-2025-02-18/
9 replies (most recent on top)
- Speculation.
- Decision makers floating ideas to see how stakeholders react before they finalize the plan.
- Investors trying to move the market for near/term gain.
@df+1jmdyx7px is that why things keep being leaked to the press...
Sounds like a good plan... I will buy anything that is being offloaded as long as it comes with a sellers loan?
Only a handful of people actually know what is being planned. And they have likely signed a non-disclosure agreement. We all should wait until February 26 to hear the announcement.
What will happen to retail?
Now I'm really curious about the meeting outcome on 2/26.
Selling refining would be a mistake. The trading organization makes a ton of money for bp (and investors) and it’s beneficial for them to have refining.
This time it’s correct. Castro will be sold along with bps global refineries. The renewables will be spun off into a separate market offering (IPO) including archea. The ELT will then be cut in half. The new strategy for BPs remaining conventional energy business will be to expand and grow particularly in Gulf of Mexico and east med. helge Lund will leave as part of this process. Murray will remain
This rumor has been floating around for years