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    BP.   GB0007980591

BP PLC

(BP.)
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Real-time Estimate Cboe Europe  -  03:46 2022-11-29 am EST
491.05 GBX   +1.55%
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Hertz ties up with BP for EV charger installations in North America

09/27/2022 | 09:08am EST
FILE PHOTO: Signage is seen at Hertz rental car at John F. Kennedy International Airport in Queens, New York City

(Reuters) - Hertz Global Holdings Inc said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power its fleet of eco-friendly cars.

The car rental firm, which did not disclose the terms of the deal, aims to electrify one-quarter of its fleet by the end of 2024.

Hertz has made large-scale EV purchases from Tesla Inc, General Motors Co and Polestar amid rising consumer preference for EVs. It has laid out plans to have 3,000 charging stations in North America by the end of 2022.

As per the deal, bp pulse will manage the EV charging hubs, which will be open to Hertz customers as well as the general public.

Bp pulse aims to install more than 100,000 chargers globally by 2030, with about 90% of them being rapid or ultra-fast chargers.

Shares in Hertz were up 3.8% at $16.31 before the bell.

(Reporting by Priyamvada C in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 1.61% 492.034 Delayed Quote.46.31%
BRENT OIL 3.20% 85.82 Delayed Quote.7.57%
GENERAL MOTORS COMPANY -2.67% 39.38 Delayed Quote.-32.83%
HERTZ GLOBAL HOLDINGS, INC. -0.88% 16.87 Delayed Quote.-32.49%
POLESTAR AUTOMOTIVE HOLDING UK PLC -13.88% 6.89 Delayed Quote.-41.11%
TESLA, INC. 0.03% 182.92 Delayed Quote.-48.07%
WTI 3.25% 78.953 Delayed Quote.1.56%
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Financials (USD)
Sales 2022 231 B - -
Net income 2022 -7 421 M - -
Net Debt 2022 26 642 M - -
P/E ratio 2022 -14,8x
Yield 2022 4,00%
Capitalization 105 B 105 B -
EV / Sales 2022 0,57x
EV / Sales 2023 0,60x
Nbr of Employees 65 900
Free-Float 94,3%
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Number of Analysts 23
Last Close Price 5,81 $
Average target price 6,54 $
Spread / Average Target 12,5%
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Managers and Directors
Bernard Looney Chief Executive Officer & Director
Murray Auchincloss Chief Financial Officer & Director
Helge Lund Chairman
Gordon Young Birrell Executive Vice President-Production & Operations
Paula Rosput Reynolds Senior Independent Director
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