Market Chatter: BP Reportedly in Advanced Talks With Stonepeak for $8 Billion Castrol Sale

11:27 AM EST, 12/04/2025 (MT Newswires) -- BP (BP.L) is in late-stage negotiations with US investor Stonepeak for a potential $8 billion sale agreement for its Castrol unit, London's Financial Times reported Thursday, citing people familiar with the matter. The transaction will allow the British oil giant to keep a significant minority stake in the lubricants business, according to the report. However, no final agreement has been reached, and other buyers may still emerge, the sources added. BP and Stonepeak did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)