BP in active talks with Stonepeak over Castrol sale, sources say 

BP is in talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company’s $20 billion divestment goal. 

Why it matters

The sale process for Castrol began earlier this year after the London-listed oil major said in February it had put the century-old lubricants business under review as part of a broader strategy shift away from renewable energy.