# BP Completes Castrol Stake Sale With $6 Billion in After-Tax Proceeds By John Kim Canonical URL: https://www.tokenpost.com/news/business/46425 Published: 2026-11-02T12:48:54.000Z Updated: 2026-11-02T12:48:54.000Z Section: Business > BP retained a 35% interest in the lubricants brand and is using the proceeds to reduce its financial obligations. BP completed the transfer of a majority stake in Castrol to Stonepeak on Monday, receiving $6 billion in after-tax proceeds that it is using to reduce financial obligations. Stonepeak acquired 65% of the lubricants brand, leaving BP with a 35% interest. BP is applying the proceeds in line with its priority of strengthening its balance sheet. BP previously [reached its 2027 net-debt target ahead of schedule]() after net debt fell about $8 billion over three months. ## Links in this article - [reached its 2027 net-debt target ahead of schedule](https://www.tokenpost.com/news/business/31391)