BP Stock Jumps on $6 Billion Castrol Stake Sale: What It Means for BP Shares, Debt, Dividends, and 2026 Outlook (Dec. 24, 2025)
London/New York — December 24, 2025 — BP p.l.c. (NYSE: BP; LSE: BP.) is back in the spotlight on Christmas Eve after agreeing to sell a controlling 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak, a deal BP says values Castrol at $10.1 billion and will deliver roughly $6 billion of net proceeds to the oil major. The market’s initial reaction was positive-but-measured: BP shares rose more than 1% shortly after the announcement before trading turned choppy in thin, holiday-shortened conditions. Reuters+1 For investors, this is one of those corporate moves that reads like a clean