BP is refocusing its downstream strategy with the sale of its mobility and convenience business in Austria. Included in its marketing efforts are electric vehicle charging assets. (Source: Shutterstock)
BP Plc is planning to sell its mobility and convenience business in Austria, according to BP’s March 27 press release.
The sale includes over 260 of BP’s retail sites across Austria. Approximately 120 are company owned.
BP will also divest its associated Austrian fleet business, electric vehicle charging assets and its shares in the Linz fuel terminal non-operated joint venture, BP said.
The company is aiming for the sale to be complete by year-end 2025.
The sale is part of the company’s strategy to reshape and focus its downstream businesses, following last year’s announcement that it is marketing its mobility and convenience business in the Netherlands.
BP previously divested its retail businesses in Turkey in 2024 and Switzerland in 2022.
“We have a high-quality retail business in Austria with excellent locations, great people and a loyal customer base. Over recent years we have grown the business to become number two major branded retailer in the market. As BP now looks to focus downstream and reshape our portfolio, we believe that a new owner will be best placed to unlock the business’s full potential,” said Emma Delaney, executive vice president of customers and products at BP.
Recommended Reading
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club
2025-04-16 - The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Dividends Declared Weeks of April 7, 14
2025-04-18 - First-quarter 2025 earnings season is underway. Here is a compilation of dividends declared in the last two weeks from select upstream, midstream and service and supply companies.
Transocean President, COO to Assume CEO Position in 2Q25
2025-02-19 - Transocean Ltd. announced a CEO succession plan on Feb. 18 in which President and COO Keelan Adamson will take the reins of the company as its chief executive in the second quarter of 2025.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.