The transaction forms part of the British oil major's $20 billion divestment plan aimed at cutting debt and boosting returns.

BP on Thursday said it had sold its Gelsenkirchen refinery and related businesses to independent European refiner Klesch ...

The state-run company said it would likely cost about $20 billion a year in lost revenue and take up to five years to repair ...

BP offloads its German refinery as it raises its cost-cutting target to $7.5 billion by 2027 BP PLC (LSE:BP.), the British ...

Shares in BP were up 1.7% to 565.20 pence each in London on Thursday morning. The wider FTSE 100 index was down 1.6%. Brent ...

BP (BP.L) anticipates saving $1 billion in underlying operating costs from the planned sale of the Gelsenkirchen refinery in ...

Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner. The transaction represents ...

The transaction is subject to regulatory and government approvals and is set to close during the latter half of 2026.

The lubricant industry is experiencing a wave of intensive price hikes. Major domestic and international brands such as Mobil ...

Bp plc (London) reached an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner.

BP agrees to sell its Gelsenkirchen refinery to Klesch Group, streamlining its European portfolio and targeting major cost ...