Founded on March 9, 1899 by Charles C. Wakefield in England, the company initially specialized in lubricants for rail, marine, mining and textile industries. Shortly thereafter oils were added for motorcycles, airplanes and racing cars. Since 1905 the company has been active in the racing sector. In 1909, the former company name CC Wakefield & Co. was renamed into the shorter and still well-known brand name »Castrol« (based on the English name for castor oil »Castor oil«). Over the years, a fixed business idea turned into a global corporation that cooperates with more than 145 countries. It was recognized early on that advertising on cars, motorcycles and aircraft increases the company's profile, and so the company started with large-scale advertising imprints.
In 1950, the first Formula 1 Grand Prix starts, supporting the Italian racing driver Guiseppe Farina, who scored his first ever Grand Prix victory with his Alfa Romeo. But starting this year, a lot changed for the company: the founder CC Wakefield died, the cars needed less oil change and the business got tougher. The newly created Castrol Croup responded with diversification in the areas of metalworking, plastics production, impregnation products and anticorrosion agents. However, these new developments devoured so much money that in 1966 the company could not refuse a takeover bid by Burmah Oil. In 2000, Castrol-Burmah was eventually acquired by the BP Group.