bp Sells Dutch Retail Stations and EV Charging Hubs to Catom to Accelerate Downstream Reset

bp Sells Dutch Retail Stations and EV Charging Hubs to Catom to Accelerate Downstream Reset

(IN BRIEF) bp is selling its Netherlands mobility & convenience network and bp pulse EV charging business to Catom as part of its $20 billion divestment initiative and downstream reset strategy. The deal includes approximately 300 retail stations (some with EV chargers), 15 operating EV charging hubs, eight hubs in development, and the related fleet services. Catom’s acquisition expands its OK branded network to more than 400 sites nationwide, having been chosen for its strong bid and commitment to employee protections. The transaction, subject to regulatory approval, is expected to close by the end of 2025. bp has updated its 2025 divestment guidance to $3–4 billion, with $1.5 billion already secured, and will report further progress in its Q2 2025 results.

(PRESS RELEASE) LONDON, 10-Jul-2025 — /EuropaWire/ — bp has agreed to transfer its Dutch mobility & convenience operations and bp pulse EV charging arm to Catom, reinforcing its downstream reset strategy under the $20 billion divestment programme. The transaction encompasses roughly 300 bp-owned or -branded service stations—several equipped with on-site electric vehicle charging—as well as 15 fully operational bp pulse charging hubs, eight additional hubs in development, and the corresponding fleet services business. Completion is anticipated by year-end 2025, pending regulatory clearances.

Catom, established in 1998 and renowned for trading, distributing, and retailing fuels and lubricants, will bolster its OK retail network to over 400 strategically positioned outlets across the Netherlands. The company emerged as the preferred bidder by offering the most compelling proposal, which includes robust future growth plans and safeguarding employee terms and conditions.

Emma Delaney, EVP Customers & Products at bp, remarked that while bp has built a high-quality retail and convenience footprint in the Dutch market, realigning the downstream portfolio necessitates finding a new steward best suited to drive the business forward. Delaney confirmed bp and Catom are collaborating to ensure a seamless handover that minimizes disruption for staff and customers alike.

Jan Willem Westerhuis, CEO of Catom & OK, expressed enthusiasm about the acquisition, stating it brings Catom closer to becoming the Netherlands’ leading fuel and convenience brand and extends a warm welcome to its new colleagues.

In its first-quarter 2025 financial report, bp revised its full-year divestment target to $3–4 billion, with $1.5 billion of disposals already finalized or under contract. Further updates on divestment proceeds will be provided with the second-quarter 2025 results.

Notes to editors

About bp

For more information visit bp.com.‎

About Catom

Catom is a fast-growing player in the trade, distribution and sale of conventional and renewable fuels and lubricants in the Netherlands, with over 100 retail sites currently in the country under the OK brand. For more information visit catom.nl.

Cautionary statement

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, ‎or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.‎

Media Contact:

BP
Tel: +44 7919 217511,
bppress@bp.com

Catom: pr@ok.nl

SOURCE: BP