According to a Reuters exclusive published on November 12, 2025, BP is in active discussions with investment firm Stonepeak regarding a potential sale of its Castrol lubricants business. The reported talks align with BP’s previously announced plan to raise approximately $20 billion through divestments. Earlier reporting indicated that multiple firms, including One Rock Capital Partners, submitted bids during earlier stages of the review process; however, Reuters noted that it could not confirm whether BP remains in discussions with One Rock or any other bidders at this time. BP has not publicly confirmed any sale, bidding process, or transaction terms. All information available to date is based solely on external media reports, and JobbersWorld cannot independently verify the status or progress of these discussions. As with all early-stage M&A activity, there is no assurance that the talks described in public sources will result in a transaction.

Castrol remains one of the world’s most widely recognized lubricant brands, supported by a diversified portfolio that spans automotive, industrial, marine, and specialty fluids. Its growing involvement in emerging sectors—including EV thermal-management fluids and advanced industrial lubricants—continues to make it an attractive asset for potential buyers.

Stonepeak, which specializes in infrastructure, energy transition assets, and real-asset investment strategies, reported $79.9 billion under management as of June 2025. The firm has a record of investing in large-scale industrial and energy-related platforms, aligning with the characteristics of the Castrol business as described in public reporting. One Rock Capital Partners, a value-oriented, operationally focused private equity firm with approximately $10 billion in cumulative capital commitments, also has experience in chemicals, process industries, and specialty manufacturing—traits that explain its previously reported participation in the bidding process. No information has been disclosed regarding valuation, structure, timing, or the potential strategic direction of Castrol under any new ownership.

As of this writing, Castrol’s operations, supply programs, and distribution relationships remain unchanged. JobbersWorld will continue to monitor developments and report on any official announcements from BP or Castrol. Until such statements are released, the status of the potential sale remains unconfirmed and subject to change.