bp and Uber to Drive Delivery Growth With Global Strategic Partnership

Rhea-AI Summary

Uber (NYSE: UBER) has entered a strategic global partnership with bp to integrate over 3,000 retail locations on Uber Eats by 2025. This collaboration will expand their existing arrangements in countries such as Australia, New Zealand, Poland, South Africa, the UK, and parts of the US. The initiative aims to meet the increased consumer demand for convenience delivery, supporting bp's goal to enhance customer access. By leveraging Uber's robust delivery network, bp anticipates significant growth opportunities, including launching delivery options through its BPme app by the end of 2023.

Positive

• Global strategic partnership with bp to integrate over 3,000 retail locations into Uber Eats by 2025.
• Plans to expand delivery services to the UK and eastern US, enhancing market presence.
• Leverage of Uber's extensive driver network and technology for improved delivery capabilities.
• Three-fold increase in BPme app users since 2019, indicating strong consumer interest and loyalty.

Negative

• None.

• bp and Uber sign a new global strategic convenience partnership aiming to make more than 3,000 retail locations available on Uber Eats by 2025.
• The partnership extends current local arrangements in Australia, New Zealand, Poland, South Africa and the west coast of US, adding the UK and eastern US in 2022 and with plans to launch in other European markets from 2023.

SAN FRANCISCO--(BUSINESS WIRE)-- Today, bp (NYSE: BP) and Uber Technologies, Inc. (NYSE: UBER) are announcing a new global strategic convenience delivery partnership, extending their existing local arrangements to reach more consumers across the world. Together, the partners will offer a huge range of quality convenience products, including fresh and prepared ranges, from select retail locations.

bp is the first convenience retailer to team up with Uber Eats on a global level and aims to have more than 3,000 retail locations available on the delivery platform over the next three years. The partnership supports bp’s goal of growing its access to customers and expanding its delivery footprint, in response to soaring demand for food, groceries and everyday essentials brought to the door.

The new partnership covers retail sites in Australia, New Zealand, Poland, South Africa and the west coast of US. Sites in the UK and eastern US will be added to the app for the first time this year, with plans to launch in other European markets from 2023.

“We’re thrilled to team up with Uber Eats globally giving us the opportunity to reach many more consumers online in addition to those who currently visit our retail sites. We’ve seen how the pandemic has accelerated customer demand for delivered convenience and this partnership will allow us to scale up quickly on the Uber platform. And for the first time, we will be able to offer delivery options to existing customers on our own BPme app by the end of 2023," said Emma Delaney, executive vice president customers & products, bp.

With 20,500 bp retail sites across the world and 550 million customers living within 20 minutes of a bp retail site, the partners see enormous opportunities for growth. bp sites offer a range of products tailored to local markets which may include hot and cold drinks, food-for-now options as well as staple groceries, fresh produce and ready meals, plus wine, beer and flowers.

• In the UK, customers will be able to access a range of Wild Bean Café, and other branded food and products via Uber Eats – with the first 120 sites due live on the platform by the end of June.
• In the US, the offer will be made available to bp’s network of independently owned retail locations to support the growth of their businesses. The goal is to make it easy for these partners to sign up to the Uber Eats platform and access benefits based on bp’s scale.

bp will benefit from Uber’s global brand and operations footprint, best-in-class technology for dispatching orders, and more than 4.4 million drivers and couriers on the platform worldwide.

As part of the agreement, Uber Eats and bp will work to introduce delivery options onto bp’s own app, BPme – initially planned to be available in the UK, US and Australia by the end of 2023 – powered by Uber Direct. This new offer will allow bp to directly connect its customers to delivery riders, making Uber Eats the trusted partner in fulfilling these orders. Since 2019, bp has seen a three-fold increase in users of the BPme app, with 16 million active loyalty users worldwide.

“With more than 20,500 locations around the world, bp’s reach is enormous—making them critical partners as we pursue our ambitions of helping consumers across the world get what they need delivered to their doorsteps,” said Pierre Dimitri Gore-Coty, Uber’s SVP of Global Delivery. “We are proud to support this next phase of the company’s convenience growth through this delivery partnership and look forward to deeper collaboration in the future.”

bp and Uber already work together in mobility with bp providing electric vehicle charging for Uber’s ride-hail drivers. The companies will explore other areas for future cooperation in convenience, including opportunities to utilize low carbon delivery methods to fulfill orders from bp sites.

Notes for editors

• bp currently offers delivery in 10 markets with a variety of partners. Since launching the first of these services in 2019 in Australia, its delivery footprint has grown to more than 1,000 sites worldwide.
• bp’s retail sites include bp branded sites and others owned or licensed by bp, such as ampm in the US.

About bp

bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition ‎to be a net zero company by 2050, or sooner and help the world get to net zero, and a ‎strategy for delivering on that ambition. For more information visit bp.com.‎

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 15 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

Cautionary statement:

In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 (the 'PSLRA'), bp is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of 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', 'aims', 'should', 'may', 'objective', 'is likely to', 'intends', 'believes', 'anticipates', 'plans', 'we see' or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under "Risk factors" 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220329005401/en/

Uber

press@uber.com

bp press office London

bppress@bp.com, +44 7919 217511

Source: Uber Technologies, Inc.

FAQ

What is the new partnership between Uber and bp about?

Uber and bp have formed a global strategic partnership to integrate over 3,000 retail locations into Uber Eats by 2025, enhancing convenience delivery.

When will the new retail locations be available on Uber Eats?

The integration of more than 3,000 retail locations is expected to be completed by 2025.

Which countries are included in the Uber and bp partnership?

The partnership includes Australia, New Zealand, Poland, South Africa, the UK, and the eastern US.

What benefits does Uber gain from partnering with bp?

Uber benefits from bp's vast retail network and customer base, as well as the opportunity to expand its delivery services.

How will bp's BPme app be involved in the partnership?

The partnership will introduce delivery options through bp's BPme app, with availability planned for the UK, US, and Australia by the end of 2023.