What was the total consideration for the sale of businesses by Petro Stopping Center in 2022?

According to Petro Stopping Center's 2025 Franchise Disclosure Document, the total proceeds from disposals of businesses, net of cash disposed, in 2022 was $184 million. Additionally, proceeds from disposals of fixed assets amounted to $21 million in 2022. Therefore, the total proceeds from the disposal of both businesses and fixed assets in 2022 was $205 million. These figures provide insight into the company's asset management and divestiture activities during that year.

The proceeds from disposals are further broken down by business segment. In 2022, gas & low carbon energy generated $16 million, oil production & operations generated $155 million, and customers & products generated $34 million from disposals. There were no disposals from other businesses & corporate during that year. This detailed breakdown helps to understand which segments contributed most significantly to the company's disposal proceeds.

It is important to note that these figures represent proceeds from disposals, which may not directly correlate with gains or losses on those sales. Gains and losses are reported separately and reflect adjustments to disposals in prior periods. For instance, in 2022, gains principally resulted from adjustments to disposals in prior periods and included $59 million relating to the prior disposal of certain bpx energy operations. Prospective franchisees should consider these disposal activities as part of their overall assessment of Petro Stopping Center's financial performance and strategic direction.