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LifeBenefits is now benefits@bp , your home for all things benefits related.

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Visit bp.com/benefitsatbp to login and explore what the site has to offer. Don't forget to update your bookmarks!

New Privilege Travel Portal Coming Soon!

Wanderlust is all about the desire to travel. Discover what is coming in the next weeks!

After listening to feedback from our members and to provide a more seamless booking experience, the Privilege Club is consolidating Global Traveler Hub and the Privilege Collection. This new and improved online travel portal “ Privilege Travel ” will launch on March 1, 2022.

Don’t worry, if you had Global Points in your Global Traveler Hub account, they will automatically be transferred to your Privilege Travel account.

The heart of your Privilege Club membership is the Membership Weeks that may be used at Bahia Principe Hotels & Resorts or exchanged with RCI . The Privilege Travel online portal is complementary to the membership and does not have a renewal fee for members.

Until the launch of Privilege Travel, all Club members can keep quoting their next trip by writing to [email protected] . Tell us where we can take you next!

Stay tuned for more exciting Privilege Travel news in the coming weeks.  

When traveling with Privilege Club, remember to tag your social media posts with # VacationAsYouAre . Don’t forget to follow and tag our Instagram and Facebook accounts.

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About Egencia

Egencia to modernize, simplify and expand BP’s travel program

Bp chooses egencia as its corporate travel partner.

Egencia to help BP modernize its corporate travel management program across its global footprint

Bellevue, Wash., October 7, 2019 – Today Egencia®  announced it has been appointed by BP to modernize, simplify and expand its global travel program to support their business travel around the world.

“Egencia’s business travel platform is very impressive compared to other offerings in the travel management market,” Alex Thomson, VP of global business services, procurement at BP, said. “For a business of our size and global scale, having a technology and data-driven solution is crucial to ensuring every traveler in our business has the same great experience from planning to traveling and a safe return home. We are confident that Egencia will help us deliver that great experience.”

Egencia has already begun working with BP to transform its corporate travel management program to deliver a simple, intuitive and consistent experience for its employees. From occasional travelers to frequent flyers and the arrangers who help them, BP’s employees will have access to an expansive selection of inventory and receive a consistent booking experience on any device — anywhere in the world.

BP will also gain the benefits of a unified approach to managing their travel program supported by Egencia’s fully integrated business travel platform, making it easy to deliver program changes once and distribute those updates everywhere.

“We’re proud to have been selected by BP to modernize their global business travel program,” Arnaud Le Masne, vice president of worldwide sales at Egencia said. “It’s an honor to work with one of the world’s most established companies, and it’s a testament to our ongoing commitment to help customers reimagine their corporate travel. We’re excited that our platform, our continued investment in innovation, and our skilled 24/7 local language customer service team will help BP to transform its global travel program and better enable them to care for their travelers on the road.”

BP will utilize Egencia Analytics Studio, which brings online, mobile, and offline booking data into one central location, making it easier for travel managers to track compliance, online adoption and identify savings. By providing real-time data and analytics, BP will be able to visualize how its business travel program is delivering strategic value and identify opportunities for optimization. Egencia and the Egencia Global Alliance (EGA) partners will support corporate travel across 47 countries in which BP operates.

The two companies have signed a multi-year agreement designating Egencia as the consolidated global travel provider.  

Egencia is reimagining business travel management to make business travelers happier and corporate travel programs more successful. Egencia offers more personalised experiences through curated access to the world’s most relevant travel options. Putting our customers at the centre of everything we do, Egencia provides exceptional customer care and innovative travel manager tools to increase savings and compliance. Egencia serves businesses large and small in more than 60 countries.

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BP is a global energy company with wide reach across the world’s energy system. The energy we produce serves to power economic growth and lift people out of poverty. In the future, the way heat, light and mobility are delivered will change. We aim to anchor our business in these changing patterns of demand, rather than in the quest for supply. We have a real contribution to make to the world’s ambition of a low carbon future. We have operations in Europe, North and South America, Australasia, Asia and Africa, and employ around 74,000 people.

Media contacts Egencia: Brandie Gonzales [email protected] BP: Press Office [email protected]

Looking for better business travel solutions? Get in touch with us.

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What International Travelers Should Know Before Visiting

Cbp releases trade and travel fiscal year 2021 report.

Agency Adapts to Secure and Facilitate Essential Trade and Travel amid Pandemic.

Almost a million times each day, CBP officers welcome international travelers into the U.S. In screening both foreign visitors and returning U.S. citizens, CBP uses a variety of techniques to assure that global tourism remains safe and strong. Descriptions of CBP processes and programs are available for first-time and frequent travelers.

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If you are a traveler coming to the U.S. through a land border Port of Entry and have a Ready Lane-eligible document, get the information you need to experience significantly faster processing.

If you are a traveler coming to the U.S. through a land border Port of Entry and have a Ready Lane-eligible document, get the information you need to benefit from dedicated primary vehicle and pedestrian lanes and experience significantly faster processing.

Here is how much parking West Portal would lose under S.F. plan to redesign streets

S an Francisco transportation officials would remove up to eight parking spaces on two streets to reconfigure a busy intersection that abuts the West Portal Muni Station — plans that delight transit riders and pedestrian safety advocates, while i nfuriating some merchants.

Under the proposal, the city’s Municipal Transportation Agency would shave up to six spots on Ulloa Street east of West Portal Avenue, all of which are now designated part-time for parking, and part-time for loading. This stretch of pavement would accommodate space for a bus stop and new terminal where Muni’s 91-Owl and 57-Parkmerced buses would turn around.

Additionally, the agency would convert two general parking spaces on Lenox Way into parking for Muni maintenance vehicles.

All of the parking on West Portal Avenue would be preserved, representatives of SFMTA have repeatedly said, emphasizing their attention to merchants who fear that new inconveniences will deter people from shopping at their stores. When business owners said they were dismayed to lose a loading zone on Ulloa Street, SFMTA staff said they would scout for “other potential locations for bus stop and terminal needs,” according to a spokesperson.

Details of the plans have evolved since the agency released them last week, with wholehearted support from district Supervisor Myrna Melgar and Mayor London Breed. With pressure mounting after a driver rammed through an Ulloa Street bus stop and killed a family of four, city leaders pledged swift action to make the neighborhood safer for pedestrians, bus riders and cyclists.

The idea to redesign the crossing at Ulloa Street and West Portal Avenue had been gestating for a long time, Melgar and SFMTA Director Jeffrey Tumlin said. It largely centered on turn restrictions that would prevent cars from cutting across Ulloa in front of the Muni tunnel — a change intended to make crosswalks safer and ease bottlenecks for trains. 

With the new turn prohibitions, Lenox Way would become a one-way street, addressing another source of conflict in the neighborhood: drivers who pivot from people’s driveways after dropping their kids off at West Portal Elementary School.

Reactions from neighbors ranged from praise, to confusion, to head-spinning exasperation as SFMTA staff rolled out maps and started holding open houses in the neighborhood. It took just a day for opponents to build a “Save West Portal” website and print out flyers to circulate. In response, a resident built a competing  “Safer West Portal” site , touting the project’s safety benefits. 

Even before the sites went up, West Portal Merchants Association President Deidre Von Rock warned in an interview that redesigning the intersection would “cause ire across the land here.”

The 10-day outreach period ends next week. Board directors for SFMTA are expected to vote on the redesign in June.

Reach Rachel Swan: [email protected]

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bp leans into convenience and mobility across US, agrees to purchase leading travel center operator, TravelCenters of America

• Adds a network of around 280 travel centers, strategically-located on major highways across US; complementing bp’s US convenience and mobility business.
• $1.3bn cash acquisition within bp’s $16-18bn frame, with acquisition multiple of around six times based on last 12 months’ TravelCenters EBITDA (4Q21-3Q22) i
• Adds EBITDA immediately, expected to grow to around $800m by 2025, underpinned by investment, integration value and synergies.
• Expected to deliver over 15% returns and be accretive to free cash flow per share from 2024. 
• Almost doubles bp’s global convenience gross margin.
• Brings growth opportunities for 4 of bp’s 5 transition growth engines including convenience, EV charging, biofuels/ renewable natural gas (RNG) and, later, hydrogen.

HOUSTON – BP Products North America Inc., a wholly-owned indirect subsidiary of BP p.l.c. (NYSE: bp) has reached an agreement to purchase TravelCenters of America (Nasdaq: TA), one of the country’s leading full-service travel center operators. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash.

TA’s strategically-located network of highway sites complements bp’s existing predominantly off-highway convenience and mobility business, enabling TA and bp to offer fleets a seamless nationwide service. In addition, bp’s global scale and reach will, over time, bring advantages in fuel and biofuel supply as well as convenience offers for consumers. It will provide options to expand and develop new mobility offers including electric vehicle (EV) charging, biofuels, renewable natural gas (RNG) and later hydrogen, both for passenger vehicles and fleets. 

Convenience is one of bp’s five strategic transition growth engines in which it aims to significantly grow investment through this decade. By 2030, bp aims for around half its annual investment to go into these transition growth engines. Over 2023-2030 it aims that around half of its cumulative $55-65 billion transition growth engine investment will go into convenience, bioenergy and EV charging.

Bernard Looney, CEO bp, said: “This is bp’s strategy in action. We are doing exactly what we said we would, leaning into our transition growth engines. This deal will grow our convenience and mobility footprint across the US and grow earnings with attractive returns. Over time, it will allow us to advance four of our five strategic transition growth engines. By enabling growth in EV charging, biofuels and RNG and later hydrogen, we can help our customers decarbonize their fleets. It’s a compelling combination.” 

“This is bp’s strategy in action. We are doing exactly what we said we would, leaning into our transition growth engines. This deal will grow our convenience and mobility footprint across the US and grow earnings with attractive returns.”

Bernard looney, chief executive officer.

The acquisition is expected to bring around 280 TravelCenters of America sites, spanning 44 US states nationwide, into the bp portfolio. These travel centers, which average around 25 acres, offer a full range of facilities for vehicles and fleet trucks, including more than 600 full-service and quick service restaurants, as well as truck maintenance and repair services. Around 70% of TA’s total gross margin is generated by its convenience services business, almost double bp’s global convenience gross margin.  

Dave Lawler, chairman and president of bp America: “Subject to approvals, we look forward to welcoming the TA team to bp.  TA's amazing nationwide network of on-highway locations combined with bp's more than 8,000 off-highway locations have the potential to offer travelers and professional drivers a seamless experience for decades to come.”

bp yesterday announced plans to invest $1bn in EV charging across the US by 2030. 

As part of the transaction, TA will enter into amended lease agreements with Service Properties Trust (NASDAQ: SVC), establishing long-term real estate access. bp looks forward to continuing TA’s existing strong relationship with SVC. 

The acquisition price of $1.3 billion, or $86 per share, represents a multiple of around 6 times based on last twelve months’ TA EBITDA (4Q21 to 3Q22) i .  It is expected to add EBITDA for bp immediately, growing to around $800 million in 2025. 

It supports delivery of bp’s convenience and EV charging growth engine target of more than $1.5bn EBITDA in 2025 and aim for more than $4bn in 2030. bp expects the acquisition to be accretive to free cash flow per share from 2024 and to deliver a return of over 15%. 

Goldman Sachs & Co. LLC is acting as lead financial adviser to bp, Robey Warshaw LLP is acting as financial adviser to bp, and Sullivan & Cromwell LLP is acting as lead legal adviser to bp.

Bernard Looney, chief financial officer Murray Auchincloss and EVP, customers & products Emma Delaney will host a webcast presentation to discuss this agreement today, 16 February 2023, at 4pm GMT/11am EST. The webcast can be viewed here .

i  Sourced from TA's November 2022 investor presentation.

Further information

bp press office, London: +44 7831 095541, +44 7919 217511,  [email protected]

bp US press office:  [email protected]

bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $140 billion and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.

Cautionary statement

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement.  

This document contains certain forecasts, projections and forward-looking statements – that is, statements related to future, not past events and circumstances – with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘targets’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. In particular, the following, among other statements, are all forward-looking in nature: expectations in relation to the completion of the transaction described including the outcome of regulatory and shareholder approvals and the amount and form of the consideration; expectations in relation to future services and offers from TA and bp including in relation to fuel and biofuel supply as well as convenience offers; expectations that the transaction will provide bp with options to expand and develop new mobility offers including electric vehicle charging, biofuels, renewable natural gas and hydrogen; bp’s plans and expectations to grow its transition growth engines (TGEs) through this decade including that investment into bp’s TGEs will be around half of bp’s total capital expenditure by 2030 and for cumulative capital expenditure into TGEs to be $55-65 billion over the period 2023-2030; expectations regarding EBITDA from TA’s business, including expectations to grow that EBITDA through to 2025 underpinned by growth, integration value and synergies; expectations regarding the delivery of bp’s 2025 target and 2030 aim for combined EBITDA from its convenience and EV charging TGEs; expectations that the acquisition will be accretive to free cash flow on a per share basis from 2024; expectations relating to the transaction’s rate of return; expectations in relation to the impact of the acquisition on bp’s convenience gross margin; plans and expectations regarding the impact of the transaction on bp’s financial frame including expectations for bp’s annual capital expenditure and allocation of that expenditure; expectations relating to bp’s announced plans to invest $1 billion in EV charging across the United States by 2030; and plans and expectations relating to bp’s strategy, including bp’s transformation to an integrated energy company. 

By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes, may differ materially from those expressed in such statements, depending on a variety of factors, including the risk factors discussed under “Risk factors” in bp’s Annual Report and Form 20-F 2021 as filed with the US Securities and Exchange Commission and in any of our more recent public reports. 

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.

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