0906 GMT - BP's strategic review of Castrol continues to progress at speed and the lubricants business remains a prime asset for disposal, RBC Capital Markets analysts write after speaking to finance chief Kate Thomson. The sale of Castrol and solar business Lightsource BP would help the company meet its net-debt targets, they write. BP continues to expect $3 billion to $4 billion in divestment proceeds this year, with $3 billion in sales already agreed, they add. The oil major has so far received $1.7 billion in proceeds and expects most of the remaining amount in the fourth quarter of the year, they write. BP has other sales that it expects to complete by the end of the year, they write. Shares trade up 1.2% at 434.30 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

August 29, 2025 05:07 ET (09:07 GMT)

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