BP Nears Castrol Sale: Stonepeak in Advanced Talks as Valuation Swirls Around $8 Billion (Nov 13, 2025)
Published: November 13, 2025 Key points What’s new today Industry outlet Offshore Engineer reported in the early hours of Thursday that BP’s talks with Stonepeak are ongoing and part of a portfolio overhaul designed to meet the company’s $20 billion asset‑sale target. The update reiterates Reuters’ exclusive from late Wednesday and keeps Stonepeak at the front of the queue. oedigital.com+1 While neither BP nor Stonepeak has commented publicly, the cadence of coverage suggests the process is in a decisive phase. Reuters’ report adds that BP’s U.S. depositary receipts initially rose about 2% on the headline before easing—an indication investors see