06:03 AM EST, 11/09/2026 (MT Newswires) -- BP (BP.L) divested its 49.9% stake in a petrol station joint venture in Indonesia to partner AKR Corporindo, IDN Financials reported on Monday, citing the bulk logistics and infrastructure company. The London-listed energy giant previously held the interest in Aneka Petrindo Raya, d/b/a BP-AKR Fuels Retail, through BP Global Investments. The joint venture ended 2025 with 70 petrol stations in operation across Indonesia. AKR acquired the interest in the joint venture through Anugerah Krida Retailindo and Andahanesa Abadi. AKR President Director Haryanto Adikoesoemo said the divestment is part of BP's portfolio simplification strategy. BP did not immediately respond to a request for comment from MT Newswires.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.