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BP to sell 300 Dutch petrol stations to Catom

Published 09/07/2025, 11:08
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Investing.com -- BP (NYSE:BP) has reached an agreement to sell its 300 Dutch petrol stations to Catom, a Dutch fuel distribution and trading company, as part of its strategy to divest $20 billion in assets by 2027.

The deal, announced Wednesday, includes the petrol stations, 15 electric vehicle charging hubs, and the associated fleet business. Financial terms were not disclosed.

This transaction follows BP’s February strategy update, where the company outlined plans to reduce debt and increase cashflow by placing greater emphasis on its oil and gas operations.

The Dutch sale is expected to be completed by the end of this year.

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