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BP Ends Turbulent Year With Castrol Stake Sale

BP is targeting $20 billion in asset sales by the end of 2027.

A logo on a totem sign at the entrance to a BP Plc petrol station forecourt in Chelmsford, UK, on Monday, Oct. 31, 2022. Photographer: Chris Ratcliffe/Bloomberg

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By Fareed Sahloul

December 24, 2025 at 3:14 PM UTC

This article is for subscribers only.

Hi, it’s Fareed Sahloul in New York, winding down for Christmas with news of yet more multibillion-dollar M&A at the end of this hectic year—this time, it’s coming from oil giant BP.

Please note that we are running a slightly reduced schedule over the holiday period, returning with our full daily briefings on Monday, Jan. 5. We wish all of our readers a Merry Christmas.