Acquiring Company
Stonepeak
Acquired Company
Castrol
San FranciscoOil And GasDescription
BP completed the sale of a 65% majority stake in its Castrol lubricants business to Stonepeak on 2 November, netting about $6 billion after tax. BP retains a 35% holding in Castrol and earmarks the proceeds for debt reduction and balance-sheet strengthening. The Castrol sale is part of a wider divestment programme that also includes Aker BP share sales and an exit from an Indonesian fuel retail joint venture.
Quick answer
Stonepeak is acquiring Castrol, announced November 2, 2026.
- How much did Stonepeak pay for Castrol?
- The deal value was not disclosed.
- What does Stonepeak do?
- Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $37 billion of assets under management.
- Where are Stonepeak and Castrol based?
- Castrol is based in San Francisco, California, United States.
Source: Fundz verified event record.
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- Palmdale Oil acquires Tri-County Oil Distributors (November 9, 2026)
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Who to call at Stonepeak, and when
When Stonepeak changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Stonepeak raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Stonepeak, from your own LinkedIn network
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Frequently asked
Who acquired Castrol?
Castrol was acquired by Stonepeak. The deal was reported on November 2, 2026. Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $37 billion of assets under management. Stonepeak is privately held.
When did Stonepeak acquire Castrol?
Stonepeak's acquisition of Castrol was reported on November 2, 2026. BP completed the sale of a 65% majority stake in its Castrol lubricants business to Stonepeak on 2 November, netting about $6 billion after tax. BP retains a 35% holding in Castrol and earmarks the proceeds for debt reduction and balance-sheet strengthening. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Castrol do?
Castrol is the Official Motor Oil Partner of both the NBA and WNBA, delivering dynamic engagement opportunities for audiences on and off the court. It is privately held, operating in Oil And Gas, and is based in San Francisco.
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