Elliott wants BP to cap green spending, ditch renewable energy capacity targets, and sell off its wind and solar power generation business and potentially its Castrol lubricants, service stations ...
BP would also benefit from selling its Castrol lubricants and its network of service stations to unlock value and boost share buybacks, added the source, who also asked not to be named.
BP has been exploring all options around its Castrol business, including a possible sale, as part of a strategic review. The ...
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