Weixi Zeng
The agreement supposedly encompassed the 12 million tonne refinery, a tank storage facility in Bottrop, DHC Solvent Chemie GmbH, stakes in logistics partnerships, and marketing divisions linked to petrochemicals and commodity fuels.
BP's report shows that the book value of Gelsenkirchen's assets available for sale as of June 30, 2026, stood at $549 million, while the related liabilities totaled $1.26 billion.
As per a BP press release, the sale of assets is anticipated to lower underlying operating expenses by around $1 billion.
BP states that it continues to uphold its refining portfolio consisting of five refineries: Cherry Point and Whiting in the United States, along with Castellon, Lingen, and Rotterdam in Europe.
The company's asset sales and announced sales surpassed $11 billion last year, out of a target of $20 billion by 2027. In March 2026, BP finalized a deal to transfer ownership of its German refinery to the European Klesch Group.
source: bloomberg.com
BP's report shows that the book value of Gelsenkirchen's assets available for sale as of June 30, 2026, stood at $549 million, while the related liabilities totaled $1.26 billion.
As per a BP press release, the sale of assets is anticipated to lower underlying operating expenses by around $1 billion.
BP states that it continues to uphold its refining portfolio consisting of five refineries: Cherry Point and Whiting in the United States, along with Castellon, Lingen, and Rotterdam in Europe.
The company's asset sales and announced sales surpassed $11 billion last year, out of a target of $20 billion by 2027. In March 2026, BP finalized a deal to transfer ownership of its German refinery to the European Klesch Group.
source: bloomberg.com
