BP's acquisition of TravelCenter of America is underway
🤝 BP's acquisition of TravelCenter of America is underway.
The company’s growth beyond its petroleum and into the convenience store sector continues as they shell out $1.3 billion in cash for the TA network. While most of the company’s convenience stores are strategically located on major highways across the country, the network will complement BP’s existing businesses that are primarily located away from those locations. Additionally, BP announced its intention to invest $1 billion in EV charging infrastructure across the United States by the end of the decade.
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Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.