charging stations BP in talks to Electrify Service Stations Globally!

[David]

G. David Felt - Staff Writer Alternative Energy - www.cheersandgears.com

BP in talks to Electrify Service Stations Globally!

BP has opened talks with all global automakers to about offering EV charging stations at it's global network of service stations, Chief Executive Bob Dudley told Reuters on Tuesday. The BP CEO says the change by governments in banning ICE auto's and the move to EV's will threaten the traditional ICE service station and they will die if they do not change to support the future needs of customers. BP is looking to take a slice of this growing market early in comparison to their competition. The only other Oil Company to do this is their Rival Royal Dutch Shell who has started their own pilot program in select locations where EV's are already making up a noticeable share of the auto's being driven.

BP is estimating that a minimum of a 100 million EV's will be on the roads by 2035 up from the 1.2 million globally in 2015. 

Noticeable is that both Shell and BP have lagged behind in adding solar and wind as renewable energy suppliers to their portfolio as the shift begins away from oil. Both BP and Shell are using venture capital funds to invest in new start ups that can cover the Wind / Solar energy markets as well as EV charging infrastructure.

BP will be reining in spending to control and make sure they are profitable at a sustained $30-$50 a barrel oil price over the foreseeable future. BP's CEO says he does not see any profitable play in the U.S. Shale industry for them compared to Exxonmobil, Chevron and Shell who are the 3 largest players in that market. BP is one of the largest players in Shale Natural Gas in Argentina as they look to grow their world wide shipping and sales for both CNG and LNG. The CEO also denied reports that they were considering putting up for sale their North Sea Business as that is their heartland.

BP EV Chargers

Reuters BP Story