BP leapfrogs Shell

Article Abstract:

BP and Mobile are to set up a European JV involving marketing and refining of lubricants and gasoline. The JV will rank second in the European market for gasoline, with Esso in first place. BP will operate the service stations of the JV, with a 12% stake in the European market. Mobil will hold a stake of over 50% in the lubricants business, with some BP products using the Mobil name. Cost savings of $500 million annually are expected, and the pact will cover 43 countries. The two companies also aim to expand into eastern Europe.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Lubricating oils and greases, Petroleum Lubricating Oil and Grease Manufacturing, Lube Oils, Lubricating oils, Mobil Corp., MOB, British Petroleum Company p.l.c

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A fight to the last petrol pump

Article Abstract:

UK gasoline retailers are involved in price competition which benefits motorists but affects petroleum companies, independent gasoline retailers and supermarkets. Esso aims to meet prices set by supermarkets which have increased their stake in this market through price competition. Tesco could be especially affected among UK supermarkets retailing gasoline. Some petroleum companies may leave the UK gasoline retailing market if price pressure continues.

Retail industry, Retail trade, Gasoline industry

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Market takes a tanking

Article Abstract:

The United Kingdom gasoline retailing market has been affected by price competition which has hit margins. Competition from supermarkets such as Tesco, and Esso's Price Watch campaign have had a major impact. This trend has spurred consolidation in the industry, and one deal to promote consolidation is planned by Shell, which is seeking to acquire the Gulf network from Chevron. Shell could increase its stake in themarket to 20% after this deal.

CHV, Service stations (Motor vehicles), Royal Dutch-Shell PLC, Chevron Corp.

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