BP TOUTS ITS ADVANCES IN ‘FRESHLY PREPARED FOOD OPTIONS’

BP stores around the world are expanding the range of food and drinks available to customers—from customizable sandwiches to new, private-brand snacks, the company said in a post on its website. “Customers tell us they want tasty and freshly prepared food options on the go,” said Tracey Clements, SVP of mobility and convenience, Europe. “We are constantly listening to give them what they want, when and where they want it, as we develop exciting, new menu options at our stores.” According to the post, menus at BP stores are developed with local tastes in mind. In the U.K., that means made-to-order hot sandwiches and toasties, like the big breakfast bap (bread roll) with sausage, bacon, egg and Gouda cheese, and the avocado, halloumi and egg bap with gochujang-style ketchup. Meanwhile, at BP stores in the United States—which include ampm, Thorntons and TravelCenters of America—customers have been able to pick up drinks like…

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EXCLUSIVE: UAE’S ADNOC RECENTLY EYED BP AS TAKEOVER TARGET, SOURCES SAY

The United Arab Emirates’ state-owned oil company recently considered buying Britain’s BP (BP.L), opens new tab but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters. Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, three people said. Political considerations also weighed on the potential move, one of the people said. The 88 billion-pound ($110.3 billion) company has underperformed its competitors for years, which investors and analysts say has made the British firm a potential takeover target. U.S. oil giants are in the midst of the industry’s biggest consolidation for decades, but European oil majors have to date not been involved. Investors have penalized BP’s plan to reduce fossil fuel production and its faster shift toward renewables than rivals such as Shell, Exxon and Chevron. In February 2023, BP rowed back on its more aggressive energy transition…

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4 WAYS BP IS INVESTING IN THE FUTURE OF MOBILITY

bp is investing in the future of mobility by shining a spotlight on a few areas of the business. Alternative fuels, electric vehicle (EV) charging stations for larger vehicles and a better customer experience are taking center stage right now at the energy company. The Chicago-based convenience-store retailer acquired TravelCenters of America for $1.3 billion in 2023. In Europe, it introduced its electric vehicle (EV) charging business, bp pulse, in 2021. “The investments are a massive expansion of bp’s convenience and mobility business and over time will be part of the company’s transition into an integrated energy company that delivers long-term value for shareholders—and everyday people,” according to bp. “Our customer-obsessed mission is to provide our guests with an integrated experience, enabling them to engage with bp products and services when, where, and how they want,” said Greg Franks,senior vice president of mobility and convenience for the Americas. With bp’s expanding footprint in the…

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CAR MARKET CONTINUES TO EVOLVE WITH HYBRIDS EXTENDING LEAD OVER BEVS

A new report has shown that Australians are shifting towards electric vehicles and that the market share of internal combustion engines (ICE) is continuing to decline. This is according to the quarterly update of the AAA’s EV Index, which found that battery electric vehicle (BEV) and hybrid new vehicle sales continue to grow. Both segments recorded record market share in the three months to 31 March. The AAA EV Index online data dashboard, produced by the Australian Automobile Association, analyses all new light vehicle sales across the country. In national new light vehicle sales from Q4 2023 to Q1 2024: Sales figures over the five quarters confirm a clear trend of growth for BEVs and hybrids and a gradually shrinking market share for ICEs. But there have also been significant quarterly fluctuations in the past 15 months. Over that period, BEV market share rose from 6.77 per cent to 8.70…

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VIVA ENERGY AND CLEANAWAY TEAM UP TO ADDRESS HARD-TO-RECYCLE PLASTIC WASTE

Cleanaway and Viva Energy today announced they have entered into an agreement to undertake a pre-feasibility assessment of a circular solution for soft plastics and other hard-to-recycle plastics currently sent to landfill and transform them back into feedstock for food-grade plastic resin. The partners want to provide a sustainable soft-plastics solution for food manufacturers and packaging specialists seeking to cater to the growing environmentally conscious market, as well as households and businesses who want a landfill-diversion option. The facility being assessed would incorporate a dedicated sorting and mechanical pre-treatment plant and an advanced chemical recycling plant to convert waste plastic into plastic pyrolysis oil (PPO), a feedstock for co-processing at Viva Energy’s Geelong Refinery. Recycled plastic manufactured through this process would have identical properties to virgin resin, opening the potential for food manufacturers to use recycled packaging. The project could provide an important solution for food manufacturers and packaging specialists…

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NACS SOI SUMMIT: THE PHYGITAL SPACE IS HERE

Brick and mortar retail is not going away, but digital is the future. Can the two co-exist? Absolutely. According to Pew Research Center, nearly all Americans have a cellphone of some kind (97%) and most have a smartphone (90%). And they’re spending an average of 4.5 hours on these devices each day. There is a pretty good chance one of these folks is your customer and using their device on the path to purchase. “The convenience industry needs to embrace the opportunity to become a phygital space,” said NACS Vice Chairman of Research and Technology Charlie McIlvaine this week at the NACS State of the Industry Summit. McIlvaine, who is the chairman and CEO of Coen Markets Inc., added that customers are looking for shopping experiences that are enhanced by digital aspects, which is where technology comes into the picture. Forbes recently wrote that today’s customers “crave the convenience of digital solutions…

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