Wall Street Breakfast BP cashes in on Castrol
Dec 24, 2025
BP is making waves by selling a 65% stake in Castrol to Stonepeak. Big moves in the stock market with UiPath and Versant Media joining the MidCap and SmallCap indices respectively. Waymo is set to enhance its software after facing challenges during a blackout. The discussion touches on GDP growth predictions and the resurgence of a secondhand clothing retailer. Sanofi's acquisition of Dynavax also makes headlines, highlighting the dynamic shifts in various sectors.
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BP Monetizes Castrol Stake
- BP sold a 65% controlling stake in Castrol, valuing the unit at $10.1 billion which trims its lubricants exposure.
- The deal ties to BP's $20 billion divestment program and could lead to a full exit after a two-year lock-up.
Deal Structure And Expected Proceeds
- BP will retain 35% while the Canada Pension Plan Investment Board invests up to $1.05 billion for an indirect stake.
- Early valuations were nearer $8 billion, and BP is expected to receive about $6 billion for the 65% stake.
Index Changes For January
- S&P will add UiPath to the MidCap 400 and Versant Media to the SmallCap 600 in early January.
- These index moves follow corporate actions like Synovus's pending acquisition and Versant's Comcast spinoff.