BP considers sale of Castrol

[suburbandoom]

Interesting news....a potential sale of the lubricant business. Curious to see what others think here. Does another industry titan scoop it up? Or perhaps a suitor from the financial industry?

I've seen the recent headlines regarding BP and the heat they're getting from investors. Rather shocking that they're weighing a complete split of the Castrol unit.

https://www.reuters.com/markets/com...cants-unit-bloomberg-news-reports-2025-02-18/

 

[greaseguy15]

10 billion lol

 

[Snagglefoot]

Lubricants is sunset industry if you ask the EV pundits.

 

[Escape08]

10 billion lol

Wow, any billionare with that kind of money can buy that

 

[shortyb]

Maybe Exxon/Mobil could get it. 10B to eliminate one of your biggest competitors? Pocket change.

 

[SC Maintenance]

I don't see Mobil or Shell wanting it. Chevron - doubtful - they seem to be abandoning there brands at retail at least. Although I suppose the big bucks are bulk to wholesale?

Maybe someone like French Total Energy or similar?

 

[Klutch9]

10 billion? Surely that’s within BITOG’s budget. We should buy it! Haha.

Hopefully it doesn’t get bought up by another competitor.

 

[gfh77665]

HPL should buy out Castrol.

 

[fantastic]

Will be curious to see what happens.

 

[Patman]

We should all chip in a few bucks and make it a BITOG owned company! Imagine that?

 

[wemay]

I could see SINOPEC or ARAMCO taking this plunge.

 

[SC Maintenance]

We should all chip in a few bucks and make it a BITOG owned company! Imagine that?

It’s $10B in revenue presumably not earnings. Must be a low margin business if they wish to sell. It would be right up all of us tightwads alley. I am thinking a cool Billion would take it - CASH.

Surely we can scrounge that. Everyone check the couch.

 

[addyguy]

Seems to be a very foolish move - Castrol oils are some of the best-known oils in the world, and have been for decades.
AFAIK it’s the number 1 oil up here; a LOT of garages pour Castrol, including the biggest, Canadian Tire.
Go back into the various threads of ‘what was the first oil you used’; and for most it was Castrol or QS.
But, as with the Saudis picking up Valvoline, could easily see a large foreign company use it as an in for our market.
Interesting!

 

[Auto tech]

Shell could afford it. Exxon Mobil as well. Eliminate a competitor in the market plus getting an established brand in your portfolio. Win win

 

[scoot]

Mann / Hummel has been sniffing around . Just what I heard

 

[KGMtech]

Eric from SMA gave me a great idea, so lets suggest they name the oil Hope. So everyone here can say they Hope'd their engine likes it.

Spray some Hope on it, I slipped on some Hope, hey, my car is dripping Hope! Did it shear? Hope not. Is it too thin? Hope never hurts.

 

[factorytuned2012]

The Saudi's or Chinese would probably eat that up

 

[John105]

Funny how I've owned their stock since the oil spill. I have nary a clue if I'm in the black or red. If they get sold I wonder if my BMW will need a new oil filler cap

 

[SC Maintenance]

Mann / Hummel has been sniffing around . Just what I heard

Maybe they can formulate a blend that goes through their closed louvers.

 

[53' Stude]

Funny how I've owned their stock since the oil spill. I have nary a clue if I'm in the black or red. If they get sold I wonder if my BMW will need a new oil filler cap

You will be fine