BP Offloads 300 Dutch Fuel Stations to Catom in Asset-Sale Push

BP Plc has agreed to sell its network of 300 petrol stations and 15 electric-vehicle charging hubs in the Netherlands to Dutch fuel distributor Catom. The companies did not disclose the purchase price, and the transaction is expected to close by the end of this year, subject to regulatory approvals. The disposal forms part of BP’s plan to raise about $20 billion through asset sales by 2027. The London-based energy major has already completed or signed deals worth roughly $1.5 billion this year and is targeting $3 billion to $4 billion in divestments in 2025. The Netherlands exit follows BP’s sale of its Turkish retail network in 2023 and an ongoing process to offload its Austrian service stations, as the company pivots toward higher-margin oil and gas projects while trimming debt and bolstering cash flow.