BP PLC said Thursday it is buying travel center operator TravelCenters of America Inc for USD 1.3 billion to increase its offering of electric vehicle charging stations.
The announcement comes a day after BP said it will invest $1 billion in electric vehicle charging in the US by 2030. The London-based oil company said the acquisition offers growth opportunities for four of its five growth drivers: convenience, electric vehicle charging, biofuels /renewable natural gas and hydrogen.