BP Selling A 65% Stake In Castrol Could Be A Great Move [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
BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B range by 2027, enhancing balance sheet strength and flexibility. Castrol contributed just 3.5% of BP's quarterly Adjusted EBITDA; the deal pulls forward five years of Castrol EBITDA, while BP retains a 35% stake. BP remains undervalued versus peers, trading at 3.13x EBITDA and a 5.71% dividend yield, with continued dividend growth and a value thesis intact. jewhyte/iStock Editorial via Getty Images Despite being one of the largest oil & gas companies in the world, BP p.l.c ( BP ) has been a difficult investment for many of its investors. Over the past decade, shares of BP have increased This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of BP, CVX, XOM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).
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BP
News
- BP to Sell 65% Stake in Castrol to Stonepeak for $10B EV [Yahoo! Finance]Yahoo! Finance
- BP Appoints Meg O'Neill as the First Female CEO [Yahoo! Finance]Yahoo! Finance
- Stocks Rally During the Week Due to Economic Confidence [Yahoo! Finance]Yahoo! Finance
- Dollar Index Sees Continued Downward Pressure [Yahoo! Finance]Yahoo! Finance
- Stocks See Support As Year-End Bullish Sentiment Continues [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 12/29/25 - Form 6-K
- 12/18/25 - Form 25-NSE
- 12/18/25 - Form 6-K
- BP's page on the SEC website