Equities

BP.

GB0007980591

Oil & Gas Refining and Marketing

Market Closed - London S.E. Other stock markets 16:35:13 11/09/2024 BST			5-day change	1st Jan Change
398.25 ^GBX	+0.20%		-3.77%	-14.57%

03:21pm	Sector Update: Energy Stocks Edge Higher Premarket Wednesday	MT
03:04pm	Sector Update: Energy	MT

BP completes buy of Getec Energie to boost European gas presence

August 05, 2024 at 02:14 pm

(Alliance News) - BP PLC on Thursday said it bought Getec Energie GmbH, a supplier of energy to commercial and industrial customers in Germany.

The London-based oil major said it will now supply gas and power directly to commercial and industrial customers in the countries where Getec Energie is active, predominantly in Germany, and also in the Netherlands, Austria, Belgium and Poland.

The companies did not disclose financial details.

Getec Energie supplies about 40 terawatt hours of power and gas per year, supplying over 100,000 gas and power meters directly.

Elaine Skinner-Reid, BP's senior vice president at gas & power trading international, said: "By integrating Getec Energie into our business, we are taking a further step in BP's strategy to become an integrated energy company and grow the value of BP."

BP shares fell 2.9% to 431.80 pence each on Monday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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Company Profile

BP p.l.c. is one of the world's leading oil groups. Net sales break down by activity as follows: - refining and distribution (76.1%): At the end of 2023, the group had 7 refineries (including 3 in the United States) and a network of 21,100 service stations (including 8,200 in the United States); - exploration and production of hydrocarbon (23.6%): oil (1,115,000 million barrels produced per day) and natural gas (196.6 million m3 produced per day); - other (0,3%). Net sales are distributed geographically as follows: the United States (28.8%) and other (71.2%).

Employees

87,800

Sector

Oil & Gas Refining and Marketing

Calendar

29/10/2024 - Q3 2024 Earnings Release

Related indices

STOXX Europe 600 Index (EUR) , FTSE 100

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