BP sells Austrian fuel station and EV charging network to Swiss firm Volenergy

British energy group BP announced the sale of its entire Austrian retail network, comprising 250 fuel stations and the associated electric‑vehicle charging infrastructure, to Swiss company Volenergy. The transaction, which is subject to regulatory approval, is expected to be completed by the end of 2026.

Financial terms were not disclosed. BP will retain a brand‑licence arrangement, allowing the stations to continue operating under the BP name after the sale. The divestiture is part of BP’s broader strategy to simplify its portfolio, cut costs and refocus investment on its core oil and gas business, following earlier exits from retail networks in the Netherlands, Turkey and Switzerland. The move also supports BP’s plan to reduce net debt to between $14 billion and $18 billion by the end of 2027.