Global energy giant bp has announced plans to sell its mobility and convenience business in Austria as part of its broader strategy to reshape its downstream portfolio. The sale will include over 260 retail sites, electric vehicle (EV) charging assets, the associated Austrian fleet business, and bp’s shares in the Linz fuel terminal non-operated joint venture (NOJV).
The marketing process is set to begin immediately, with bp aiming to finalize a sale agreement by the third quarter of 2025, subject to regulatory approvals.
Emma Delaney, bp’s Executive Vice President of Customers & Products, emphasized the strength of the Austrian business and the company’s strategic shift, stating, “We have a high-quality retail business in Austria with excellent locations, great people, and a loyal customer base. Over recent years, we have grown to become the second-largest major branded retailer in the market. As bp now looks to focus downstream and reshape our portfolio, we believe a new owner will be best placed to unlock the business’s full potential.”
The sale follows bp’s ongoing efforts to streamline its retail operations across Europe. The company previously announced the divestment of its mobility & convenience business in the Netherlands and completed the sale of its retail operations in Turkey (2024) and Switzerland (2022).
Despite the planned sale, bp assured customers that service quality and operations at its Austrian retail sites will remain unaffected until the transition to a new owner is complete.
This latest move aligns with bp’s global strategy of optimizing its portfolio to drive growth and improved performance, signaling a continued shift in its business focus amid the evolving energy landscape.
