BP now aims to grow oil and gas production to between 2.3 million and 2.5 million barrels of oil equivalent per day (boepd) in 2030. It pumped 2.36 million boepd in 2024.

BP plc BP, the UK-based energy major, has officially launched the sale of its Castrol lubricants business, marking a significant move in the British energy giant’s plan to raise $20 billion by ...

BP (NYSE:BP) said Wednesday it agreed to sell its mobility and convenience and BP Pulse businesses in the Netherlands to Catom, part of the company's $20B divestment program; BP did not provide a ...

BP (NYSE: BP) said Wednesday it agreed to sell its mobility and convenience and BP Pulse businesses in the Netherlands to Catom, part of the company's $20B divestment program; BP did not provide a ...

However, the deal will contribute meaningfully toward bp’s annual divestment target and long-term transformation agenda. Further updates are expected in BP’s Q2 2025 earnings report.

Analysts at Bernstein estimate that the sale could fetch $10-$11 billion, making it one of the largest in BP’s current divestment pipeline. BP Sharpens Focus With Exit From Non-Core Businesses ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...