BP has announced plans to sell its 310 petrol stations in the Netherlands by the end of 2025, citing the high investments required for growth in the Dutch market.
This decision aligns with a broader trend among energy companies to refocus resources amid changing demands in Europe’s fuel market.
A BP spokesperson confirmed the sale, though specifics on whether the stations will be sold as a whole, individually, or in smaller packages are yet to be disclosed.
Details on the expected sale proceeds remain unavailable. The move highlights the challenges posed by the Netherlands’ dense population and high property costs, with Reuters referencing Shell’s recent 12.3 million euro lease for a single 15-year petrol station lease on the A2 motorway between Amsterdam and Utrecht.
BP’s decision follows a similar strategy adopted by other oil giants. TotalEnergies previously announced plans to divest its petrol station networks in Germany and the Netherlands, while Shell is moving to divest around 1,000 locations to focus on electric vehicle charging infrastructure.
