March 5 (Reuters) - Saudi Aramco (2222.SE), opens new tab is in the early stages of considering a potential bid for BP's (BP.L), opens new tab lubricant business Castrol, according to a person ...

6 days ago · Saudi Aramco is exploring whether to bid for part or all of the Castrol business, with the possibility of integrating Castrol with its Valvoline lubricants unit, which was acquired in 2023 in a $2.65bn (SR9.94bn) deal.. Aramco’s interest in Castrol is particularly focused on its presence in rapidly expanding markets such as India, where …

Mar 5, 2025 · The world’s biggest energy company is studying whether to bid for part or all of the business, which operates under the Castrol brand name, the people said. Aramco could look to combine the ...

Mar 6, 2025 · Saudi Aramco is in the early stages of considering a potential bid for BP’s lubricant business Castrol, according to a person with knowledge of the matter. ... Bloomberg News was first to report about Aramco’s interest in Castrol on Wednesday, which comes a day after the Saudi oil giant reported a drop in its 2024 profit and signalled it ...

Mar 5, 2025 · The news: Saudi Aramco is weighing making an offer for part or all of BP’s lubricant assets under the Castrol brand, according to sources cited by Bloomberg. The numbers: Bloomberg has previously reported that the Castrol unit could be worth around US$10 billion ($15.9 billion). Aramco already owns the Valvoline lubricants business, which it bought in 2023 for US$2.65 billion.

5 days ago · Shares of the Indian arm of lubricant maker Castrol, a unit of BP, were buzzing on Thursday amid reports that Saudi Arabia’s state-owned oil giant Aramco is considering taking ownership of the brand. Castrol India scrips at ₹245.85 were up 10.59 per cent at the Bombay Stock Exchange on Thursday ...

Mar 5, 2025 · Saudi Arabian Oil Co. (Saudi Aramco) is considering a potential bid to acquire BP’s lubricants assets, including those operating under the Castrol brand, Bloomberg reported, citing sources.Discussions are still in the early stages, with Aramco evaluating whether to make an offer for part or all of the Castrol-branded business, the report said.

6 days ago · --Saudi Aramco is considering a bid for BP's Castrol assets and could look to combine them with its Valvoline lubricants unit, Bloomberg reports, citing unnamed sources. --The oil giant's ...

BP shares were up 1% at 412.15p at 1332 GMT. Bloomberg News was first to report about Aramco's interest in Castrol on Wednesday, which comes a day after the Saudi oil giant reported a drop in its ...

Saudi Aramco is reportedly considering a bid for BP's Castrol lubricants division, aiming to bolster its strategic market positioning. BP recently announced a strategic shift, planning to divest approximately $20 billion in assets by the end of 2027, starting with a strategic review of its Castrol lubricants business.