Wednesday, 22 July 2026

BP is selling its Austrian network of gas stations and charging stations to Swiss energy company Volenergy, according to electrive. The deal covers 250 fuel stations, BP's electric vehicle charging infrastructure, and the associated fleet business in Austria.

BP has not disclosed the number of charging stations included in the transaction, electrive reported.

The transaction is expected to complete by the end of 2026, pending regulatory approvals. BP had announced its intention to divest the Austrian fuel station and charging network last year, with an initial target completion date of the end of 2025.

The sale follows BP's recent divestment of its fuel and charging business in the Netherlands, where Catom acquired the relevant business units.

Tesla delivered 480,126 vehicles in Q2 2026, up 25% year over year and about 74,000 above the analyst consensus, according to Electrek. The company reports full financial results on July 22 after the market closes, with the earnings call to follow at 5:30 p.m. ET.

Production trailed deliveries in the quarter. Electrek reported that Tesla built 451,758 vehicles, meaning it delivered about 28,000 more cars than it produced.

Energy storage deployment climbed sharply. Tesla deployed 13.5 GWh of storage in Q2 2026, up more than 40% from 9.6 GWh in Q2 2025 and a jump from the 8.8 GWh recorded in Q1, according to Electrek.

On the top line, Wall Street consensus on Estimize puts Q2 2026 revenue at about USD 25.9 billion, while the broader analyst consensus sits at roughly USD 26.4 billion, according to Electrek. Either figure marks a rise from USD 22.5 billion in Q2 2025.

Analysts expect non-GAAP earnings of about USD 0.53 per share, up from USD 0.40 in Q2 2025, a roughly 33% year-over-year increase, according to Electrek.

Two pressures sit on the profit picture. Tesla booked USD 439 million in regulatory credit sales in Q2 2025, already down more than 50% from the year before, per Electrek. The USD 7,500 federal EV tax credit expired on September 30, 2025.

American Efficient, a Durham-based energy efficiency business, has filed for bankruptcy protection, according to court filings cited by Inside Climate News.

The company faces more than USD 1 billion in federal fines and repayments over allegations that it manipulated electricity markets, Inside Climate News reported.

Federal regulators fined American Efficient USD 1.1 billion in April for perpetuating what they called a scam that cost ratepayers hundreds of millions of dollars, according to Inside Climate News.

Nextpower has closed its purchase of Prevalon Energy, a US battery storage company that builds large-scale battery energy storage systems (BESS) and provides power stabilization and lifecycle services. Nextpower first announced the deal in May, with a value of up to USD 365 million in cash and stock.

Prevalon has installed more than 6 GWh of energy storage systems worldwide.

Tom Cornell, who founded Prevalon and served as its chief executive, will keep running the business under Nextpower.

Nextpower granted inducement awards to former Prevalon staff. Those awards total 810,733 performance-based restricted stock units and up to 375,000 service-based restricted stock units.

The buyer traded as Nextracker until a rebrand in November 2025, a change that marked its move from supplying solar trackers toward a wider set of energy products.

The Prevalon purchase follows other deals by the company. Its recent acquisitions include steel framing maker Origami Solar and, in June 2026, power conversion firm Zigor Corp. The Prevalon transaction adds battery storage to that lineup.

The added capacity places Prevalon's installed base of more than 6 GWh under Nextpower ownership. Cornell's continued role and the stock awards to former Prevalon employees tie part of that staff's compensation to performance and service after the closing.

BP agreed to hand its Austrian retail and electric vehicle (EV) charging operations to Volenergy AG, according to Rigzone.

The portfolio changing hands runs to 250 BP-branded retail sites, with 115 of those owned by BP and run under franchise, Rigzone reported. The deal moves through a transfer of BP's 100 percent stake in BP Retail Austria GmbH, and it carries the EV charging infrastructure and associated fleet in the country.

Those sites stay under the BP brand through a brand license agreement, with completion set for the end of 2026 and subject to regulatory approvals, according to Rigzone. BP's aviation and Castrol operations in Austria are carved out of the sale, and the company put no price on the deal.

The disposal supports a target BP set on February 26, 2025, when it flagged USD 20 billion in divestments by 2027 under its reset strategy, Rigzone reported.

BP has lifted its structural cost reduction target to a range of USD 6.5 billion to USD 7.5 billion by 2027, a step that came alongside its agreement to sell the Gelsenkirchen refinery and related assets in Germany to Klesch Group.

Austria extends a run of retail exits: BP sold its mobility and convenience businesses in Türkiye in 2024 and in Switzerland in 2022, according to Rigzone.

Weatherford reported second quarter 2026 revenue of USD 1,105 million, a 4% sequential decrease, according to the company's earnings release on GlobeNewswire.

Net income for the quarter was USD 39 million, down 64% sequentially, with a net income margin of 3.5%, according to Weatherford. Adjusted EBITDA came to USD 223 million with a 20.2% margin, the release stated.

Adjusted free cash flow rose to USD 139 million, an increase of 64% sequentially and 76% year-over-year, according to Weatherford.

CEO Girish Saligram attributed activity headwinds to disruption in the Middle East from the Iran conflict, saying second-quarter results, especially adjusted free cash flow, were strong despite that disruption.

Weatherford announced the acquisition of NCS Multistage in a stock-and-cash transaction to expand its well completions portfolio, according to the release.

The company expects its redomestication from Ireland to Delaware and related corporate restructuring to generate USD 20 to USD 30 million of annual cash savings, according to Weatherford.

Petroleum Development Oman awarded Weatherford a three-year contract for Integrated Drilling Services covering 247 wells in the Marmul field, the release stated.