bp to sell select businesses in the Netherlands to Catom

This is the latest example of bp’s strategy in action to reshape its downstream businesses, focusing on integrated positions.

The transaction includes around 300 bp-owned or branded retail sites – some with on-site EV charging infrastructure – as well as 15 operational bp pulse EV charging hubs, eight under development and the associated Dutch fleet business.

Catom is a growing player in the trade, distribution, and sale of fuels and lubricants in the Netherlands. With this acquisition, Catom expands its OK retail network to over 400 retail sites in strategic locations across the Netherlands.

“We have built a high-quality retail and convenience business in the Netherlands but as we look to focus our downstream as part of a reset bp, we believe a new owner is best placed to take our Dutch business forward,” said Emma Delaney, Executive Vice President of Customers and Products, bp

In its 1Q25 results, bp updated its divestment guidance to US$3 - 4 billion for 2025, with US$1.5 billionn signed or completed to that date. Further progress on divestment proceeds will be provided as part of 2Q25 results.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/10072025/bp-to-sell-select-businesses-in-the-netherlands-to-catom/