BP has agreed to sell its Austrian mobility business, including petrol stations and EV charging infrastructure, to Volenergy as part of its strategic exit from the retail sector. The company is also in advanced negotiations to divest its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund. Furthermore, BP has decided to market its UK North Sea assets for sale following discussions with Ithaca Energy. These actions highlight a broader trend of strategic divestments across the company's global portfolio.
Energy giant BP is marketing its UK North Sea business for sale following discussions with Ithaca Energy as part of a portfolio optimization strategy.
Read the full storyEnergy giant BP is in advanced discussions to divest its solar business, Lightsource, to an investment group backed by Kuwait's sovereign wealth fund.
The British energy giant exits its petrol stations and EV charging network in Austria to streamline its global portfolio.