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BP opens its 100th Mexican retail site in nine months

Release date: 13 December 2017

Monterrey, Mexico - BP today announced that it has opened its 100th retail station in Mexico. With over 160 additional contracts already signed for the next year, BP is on track to reach its target of opening 500 sites by the end of 2018.

 

After becoming the first international oil company to enter Mexico’s deregulated fuel retailing market, BP has seen strong growth and tremendous demand for its service offering with consistently long lines for many of its stations.

 

“Mexico is one of the key growth markets for BP and our strong progress here demonstrates the success of our retail strategy to provide high quality fuel, lubricants and convenience offers. Applying the capabilities and experience from our retail operations around the world, we will continue to innovate and provide the best value to Mexican consumers,” said Tufan Erginbilgic, chief executive of BP Downstream. 

 

Each day over 250,000 consumers in Mexico are choosing BP’s differentiated offer which includes BP fuels with ACTIVE Technology.

 

Alvaro Granada, general manager of BP Downstream for Mexico said: “Over the last nine months we have been working hard on our differentiated offer to customers across Mexico. I am proud of our progress – we now have 100 stations across 12 states and we will continue to execute on our growth plans, ensuring more and more Mexican consumers can choose BP.”

 

As is true for all of BP’s service stations in Mexico, the three most recent stations to open in Monterrey have a dedicated and trained staff working to deliver the excellent standards customers have come to expect from BP.

 

With this opening, BP continues to drive forward its plan to open 1,500 retail sites in Mexico by 2021.

Further information

 

Contacts

 

BP press office, London: +44 (0)20 7496 4076, bppress@bp.com

Guerra Castellanos & Asociados (PR Agency), prensabp@gcya.net

Notes to editors

 

  • BP has more than 100 years of experience in the exploration, production, transformation and distribution of oil and its derivatives, with operations in more than 80 countries.
  • BP also supplies and commercializes natural gas, petroleum liquefied gas, liquefied natural gas, crude oil and other products derived from oil and gas refining, including gasoline and petrochemicals.
  • Castrol, one of BP’s international brands, is one of the world's top motor oil and specialist lubricants brands.
  • BP has been present in Mexico for around 50 years, initially supplying lubricants.
  • In the Mexican Energy Reform framework, BP participated in the first tender for deep water projects (Ronda 1.4), and won interests in consortium in two exploration blocks in the Cuenca Salina in the Southeast Basins.
  • BP is also pursuing a number of opportunities in wholesale marketing for natural gas, natural gas liquids and power.
  • BP’s retail presence across Mexico is as follows:
  1. Baja California: 35 fuel sites
  2. Ciudad de México: 6 fuel sites
  3. Guanajuato: 2 fuel sites
  4. Hidalgo: 10 fuel sites
  5. Jalisco: 3 fuel sites
  6. Estado de México: 32 fuel sites
  7. Morelos: 1 fuel sites
  8. Nuevo León: 2 fuel sites
  9. Puebla: 13 fuel sites
  10. Querétaro: 4 fuel sites
  11. Sonora: 7 fuel sites
  12. Tlaxcala: 3 fuel sites

Cautionary statement

 

In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 (the 'PSLRA'), BP is providing the following cautionary statement. This press release contains certain forward-looking statements - that is, statements related to future, not past events - which may relate to one or more of the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.

 

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov