BP plans to sell its Castrol lubricants business
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BP is considering selling its Castrol lubricants business, with the transaction amount expected to reach $10 billion. BP has not made a final decision and may announce clearer plans at the investor meeting on February 26. The company is facing challenges from activist investors, including Elliott, which holds a 5% stake in BP and is urging management to take action to boost the stock price. BP declined to comment on this news
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