BP p.l.c.: Castrol Sale And Implications [Seeking Alpha]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
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Source: Seeking Alpha
The Castrol divestment aligns BP with activist demands for higher capital efficiency, focusing resources on core upstream oil and gas assets. The company's valuation remains compelling, trading at a P/E of 11.9x—well below U.S. peers—reflecting its strategic refocus and discounted European sector multiples. I maintain a Strong Buy rating on BP stock, citing prudent deleveraging, strategic asset sales, and resilience amid lower petroleum prices. Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images In December, BP p.l.c. ( BP announced the sale of 65% of its Castrol business -- which is the world's leading manufacturer and distributor of premium lubricating oils -- to U.S.-based infrastructure investment firm Stonepeak. The deal This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of BP, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opin
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BP
News
- BP flags up to $5 billion in low-carbon energy impairments [BNN Bloomberg (Canada)]BNN Bloomberg
- How activist investors plan to take on Big Oil at the 2026 AGM season [CNBC]CNBC
- BP reveals £3.7bn hit from botched net zero transition [Yahoo! Finance]Yahoo! Finance
- BP Flags Up to $5 Billion of Energy Transition Writedowns [Yahoo! Finance Canada]Yahoo! Finance Canada
- BP Flags Up to $5 Billion of Energy Transition Writedowns [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 1/14/26 - Form 6-K
- 1/13/26 - Form 6-K
- 1/2/26 - Form 6-K
- BP's page on the SEC website