Stonepeak Completes Acquisition of Majority Controlling Interest in Castrol From bp

Anthony Borreca, Senior Managing Director at Stonepeak

“This is an exciting milestone in Castrol’s 127-year history, and we are excited to be a part of it. In close collaboration with Castrol’s exceptional leadership team and employees, our near-term efforts will focus on operational improvement and sustainable growth. We believe Castrol has an incredibly bright future ahead and we look forward to helping Castrol expand its market-leading position, continue to deliver for its customers, and drive its next phase of growth.”

Michelle Jou, Chief Executive Officer of Castrol

“Castrol begins the next part of its journey from a position of real strength, with trusted brands, strong customer relationships, talented colleagues and a clear strategy for growth. I am proud of what we have achieved as part of bp. I am also excited to work with Stonepeak to build on that momentum, unlock Castrol’s full potential, and deliver greater value for our stakeholders.”

Ben van Beurden, Chairman of Castrol’s Board of Directors, Chairman of Clariant AG and former Chief Executive Officer of Shell plc

“Few companies are as closely tied to how the world moves as Castrol, and I am delighted to have been appointed as Chair. With the expertise of Castrol’s exceptional team and Stonepeak, we will build on the legacy of trust and quality this iconic brand has established. Together, we will strive to continue to meet and exceed the expectations of our customers and partners to keep the world moving seamlessly. I could not be more excited about Castrol’s future, and am looking forward to getting started.”