BP sells Dutch business to Catom BV as part of its $20 billion divestment plan. The move marks a significant shift in BP’s global reset strategy. The company announced on Wednesday that it will transfer its Dutch convenience, mobility, and BP Pulse operations to the local fuel distributor.
The deal includes around 300 BP-branded or owned retail fuel sites. Many locations already host EV charging infrastructure. The sale also covers 15 operational BP Pulse hubs, eight under development, and BP’s fleet services unit in the Netherlands.
Catom will expand its retail footprint to over 400 outlets across the country. The company currently markets conventional and renewable fuels under the OK brand.
“This acquisition moves us closer to becoming the top brand in our sector,” said Catom CEO Jan Willem Westerhuis.
Both parties agreed not to disclose the price. However, they aim to complete the transaction by year-end, pending regulatory approval. BP selected Catom for its strong proposal and commitment to maintaining current employee conditions.
Emma Delaney, BP’s executive vice president for customers and products, explained the strategic intent. “We developed a high-quality business in the Netherlands, but a new owner will better lead its future growth,” she said. “This move aligns with our strategy to focus our downstream operations.”
This sale supports BP’s February-announced reset initiative. The plan includes scaling back renewables, cutting operational costs, and raising $20 billion through asset disposals by 2027. So far in 2025, BP has finalized or signed $1.5 billion in deals, aiming to reach $3–4 billion in divestments by year-end.
BP will provide updates during its second-quarter earnings release. In parallel, it continues exploring options for other assets. These include solar firm Lightsource BP and lubricant brand Castrol.
Additionally, BP has begun marketing Ruhr Oel GmbH-BP Gelsenkirchen (ROG), a refining and petrochemical business. ROG operates two major facilities in Germany, capable of processing 12 million metric tons of petroleum annually. It also owns pipelines, tank farms, and unloading terminals like the Bottrop site and DHC Solvent Chemie GmbH.
By completing this transaction, BP sells Dutch business assets while sharpening its operational focus. The deal strengthens Catom’s market position and allows BP to pursue its long-term transformation goals.
