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BP to Sell 65% of Castrol to Stonepeak for US$10 Billion
By MBN Staff - Wed, 12/24/2025 - 13:55
BP sells 65% of Castrol to Stonepeak for US$10 billion, using proceeds to cut debt and focus on core oil and gas operations.
https://mexicobusiness.news/tag/debt-reduction
More Mining
Newmont to Raise US$2 Billion from Non-Core Asset Sales
By Paloma Duran - Tue, 09/17/2024 - 13:39
The company’s asset sales in Ghana, Australia, the United States, and Canada will enable it to focus on more promising, high-potential projects.

Mexicana de Aviación MRO Negotiates US$14 Million Debt Cut
By MBN Staff - Thu, 09/05/2024 - 14:29
Mexicana de Aviación MRO is negotiating to reduce a US$14 million debt, as recent upgrades have boosted the MRO's value before its sale.

Bayer Cuts 3,200 Jobs in Restructuring to Reduce Debt
By MBN Staff - Fri, 08/16/2024 - 16:38
Bayer cuts 3,200 jobs, including 1,500 in 1Q24, to streamline operations and reduce debt. Pharma sector shows positive sales update.
CMP Gathers Industry Experts, Insights: The Week in Oil and Gas
By Perla Velasco - Thu, 07/04/2024 - 10:12
CMP served as the stage for a preliminary wrap up of PEMEX’s results for this administration.
PEMEX to Maintain Current Financial Strategy
By Perla Velasco - Thu, 06/13/2024 - 10:01
PEMEX’s strategies to fight its general debt are set to continue under Rogelio Ramírez de la O.