BP Looks on Track to Meet 2025 Disposal Targets -- Market Talk

Dow Jones

Aug 29

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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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. 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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 29, 2025 05:07 ET (09:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0072461881.USD","symbol_name":"BGF US BASIC VALUE \"A2\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2563504880","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563504880","pubTimestamp":1756458420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","BK4585":"ETF&股票定投概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1829250122.USD":"高盛欧洲核心股票组合Acc","BP":"英国石油","BK4201":"综合性石油与天然气企业","BK4588":"碎股","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","SES.SI":"Shanaya"},"translate_title":"BP有望实现2025年处置目标——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":1,"SES.SI":1},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 29, 2025 05:07 ET (09:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}