On the Record · BP
BP acquisitions, on the record
The businesses BP bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Archaea EnergyWord for word“Bioenergy In December 2022, bp completed its purchase of Archaea Energy Inc., a leading US provider of renewable natural gas, rapidly advancing our access to feedstock, and marking a milestone in the growth of bp’s strategic bioenergy business.” 20-F for 2022 | acquisition | December 2022 | — |
EDF Energy ServicesWord for word“This included the acquisition of EDF Energy Services for a total cash consideration of $0.5 billion, see page 31.” 20-F for 2022 | acquisition | — | total cash consideration of $0.5 billion |
retail assets in SwitzerlandWord for word“• In March 2022, bp completed the sale of its retail assets in Switzerland to Oel Pool AG, who will continue to operate the retail sites under the bp brand.” 20-F for 2022 | divestiture | March 2022 | — |
TravelCenters of AmericaWord for word“• In February 2023, bp announced the agreement to purchase TravelCenters of America.” 20-F for 2022 | agreed acquisition | February 2023 | — |
50% interest in the bp-Husky Toledo refineryWord for word“• On 28 February 2023, bp completed the sale of its 50% interest in the bp-Husky Toledo refinery in Ohio, US, to Cenovus Energy, its partner in the facility.” 20-F for 2022 | divestiture | 28 February 2023 | — |
Lightsource bpWord for word“In November 2023 we agreed to acquire the remaining 50.03% interest in Lightsource bp which we did not already own.” 20-F for 2023 | agreed acquisition | In November 2023 | — |
GETEC ENERGIE GmbHWord for word“In January 2024 we announced we have agreed to acquire GETEC ENERGIE GmbH, a leading independent supplier of energy to commercial and industrial customers in Germany, subject to regulatory approvals.” 20-F for 2023 | agreed acquisition | In January 2024 | — |
remaining 50.03% interest in LSbp (Lightsource bp)Word for word“Onshore renewables In October we completed the acquisition of the remaining 50.03% interest in LSbp , one of the world’s leading developers and operators of utility-scale solar and battery storage assets operators.” 20-F for 2024 | acquisition | October | — |
X ConvenienceWord for word“Strategic progress Convenience & retail fuels I n F ebruary 2025, bp completed the acquisition of fuel and convenience retailer, X Convenience, expanding its network with the addition of 49 sites in South and Western Australia.” 20-F for 2024 | acquisition | — | — |
50% ownership in the SAPREF refineryWord for word“• On 1 December 2024, bp completed the sale of its 50% ownership in the SAPREF refinery to the South African state-owned entity, Central Energy Fund SOC Ltd.” 20-F for 2024 | divestiture | On 1 December 2024 | — |
US onshore wind business, bp Wind EnergyWord for word“In December we completed the sale of our US onshore wind business, bp Wind Energy, to LS Power.” 20-F for 2025 | divestiture | In December | — |
Culzean gas field in the UK North SeaWord for word“In December bp completed the divestment of the Culzean gas field in the UK North Sea to NEO Next.” 20-F for 2025 | divestiture | In December | — |
non-controlling interests in Permian and Eagle Ford midstream assetsWord for word“We also completed the sale of our non-controlling interests in Permian and Eagle Ford midstream assets to Sixth Street for $1.5 billion, while bpx energy remains the operator.” 20-F for 2025 | divestiture | — | $1.5 billion |
65% stake in CastrolWord for word“As we continue streamlining our portfolio, in 2025 we reached an agreement to sell a 65% stake in Castrol , completed the sale of the Netherlands mobility, convenience and bp pulse businesses, and announced plans to sell the Gelsenkirchen refinery and the Austria retail business.” 20-F for 2025 | agreed divestiture | — | — |
Read from BP’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-06. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.