Speculation over the sale came as a group of 48 institutional investors – including Rathbones Investment Management, Phoenix Group and Royal London Asset Management – demanded shareholders are given a vote on any plan by BP to water down its climate goals.
Shake-up: BP Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a ‘new direction’ for the company.
Chief executive Murray Auchincloss will next week present his plan to investors having promised a ‘new direction’ for the company.
The Mail last week revealed BP could sell Castrol – which it bought for £4billion in 2000 – offload its US shale business and quit the electric vehicle charging market.
The British energy giant is under pressure from investors – including activist Elliott Management which has built a 5 per cent stake – to shake-up the business and boost its share price.
