BP p.l.c. (BP) 10-Year Financial Performance & Capital Metrics

BP • • Industrial / General

EnergyIntegrated Oil & GasGlobal Integrated MajorsEuropean Integrated Leaders

AboutBP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. The company was founded in 1908 and is headquartered in London, the United Kingdom.Show more

Revenue $189.19B -9.2%
EBITDA $30.24B -51.9%
Net Income $381M -97.5%
EPS (Diluted) 0.14 -97.3%
Gross Margin 15.98% -48.0%
EBITDA Margin 15.98% -47.1%
Operating Margin 7.2% -68.1%
Net Margin 0.2% -97.2%
ROE 0.47% -97.4%
ROIC 8.64% -71.1%
Debt/Equity 0.91 +23.8%
Interest Coverage 2.97 -81.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 5.1%
✓Share count reduced 5.3% through buybacks
✓Trading at only 1.3x book value

✗Weaknesses

✗Profits declining 37.6% over 5 years
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.06%

5Y3.5%

3Y6.25%

TTM-4.04%

Profit (Net Income) CAGR

10Y-20.5%

5Y-37.6%

3Y-63.07%

TTM-44.01%

EPS CAGR

10Y-19.53%

5Y-34.71%

3Y-60.31%

TTM-39.38%

ROCE

10Y Avg6.92%

5Y Avg11.44%

3Y Avg17.45%

Latest6.91%

Peer Comparison

European Integrated Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BPBP p.l.c.	90.33B	35.15	251.07	-9.2%	0.81%	1.96%	13.28%	0.91
EEni S.p.A.	56.41B	38.19	23.29	-5.25%	2.89%	4.62%	9.03%	0.63
SHELShell plc	208.21B	73.42	14.51	-10.2%	5.43%	8.21%	16.85%	0.43
TTETotalEnergies SE	140.7B	65.67	9.82	-10.66%	7.72%	12.03%	11.33%	0.45
EQNREquinor ASA	61.71B	24.70	7.94	-4.07%	5.35%	14.11%	12.85%	0.71

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	222.89B	183.01B	240.21B	298.76B	159.31B	105.94B	157.74B	241.39B	208.35B	189.19B
Revenue Growth %	-0.37%	-0.18%	0.31%	0.24%	-0.47%	-0.33%	0.49%	0.53%	-0.14%	-0.09%
Cost of Goods Sold+	218.09B	176.48B	221.3B	269.88B	131.72B	95.76B	134.88B	186.3B	144.29B	158.95B
COGS % of Revenue	0.98%	0.96%	0.92%	0.9%	0.83%	0.9%	0.86%	0.77%	0.69%	0.84%
Gross Profit+	4.81B	6.52B	18.9B	28.88B	27.58B	10.18B	22.86B	55.1B	64.06B	30.24B
Gross Margin %	0.02%	0.04%	0.08%	0.1%	0.17%	0.1%	0.14%	0.23%	0.31%	0.16%
Gross Profit Growth %	-0.82%	0.36%	1.9%	0.53%	-0.04%	-0.63%	1.24%	1.41%	0.16%	-0.53%
Operating Expenses+	13.91B	12.22B	12.59B	13.62B	11.39B	10.76B	12.19B	13.65B	17.08B	16.62B
OpEx % of Revenue	0.06%	0.07%	0.05%	0.05%	0.07%	0.1%	0.08%	0.06%	0.08%	0.09%
Selling, General & Admin	11.55B	10.49B	10.51B	12.18B	11.06B	10.4B	11.93B	13.45B	16.77B	16.42B
SG&A % of Revenue	0.05%	0.06%	0.04%	0.04%	0.07%	0.1%	0.08%	0.06%	0.08%	0.09%
Research & Development	418M	400M	391M	429M	0	0	0	0	298M	0
R&D % of Revenue	0%	0%	0%	0%	-	-	-	-	0%	-
Other Operating Expenses	18.83B	-10.05B	477M	360M	333M	360M	257M	200M	10M	207M
Operating Income+	-10.36B	-4.42B	7.92B	16.34B	16.19B	-573M	10.67B	41.45B	46.98B	13.62B
Operating Margin %	-0.05%	-0.02%	0.03%	0.05%	0.1%	-0.01%	0.07%	0.17%	0.23%	0.07%
Operating Income Growth %	-1.81%	0.57%	2.79%	1.06%	-0.01%	-1.04%	19.62%	2.88%	0.13%	-0.71%
EBITDA+	6.69B	11.36B	25.11B	32.88B	33.97B	14.32B	25.48B	55.77B	62.91B	30.24B
EBITDA Margin %	0.03%	0.06%	0.1%	0.11%	0.21%	0.14%	0.16%	0.23%	0.3%	0.16%
EBITDA Growth %	-0.78%	0.7%	1.21%	0.31%	0.03%	-0.58%	0.78%	1.19%	0.13%	-0.52%
D&A (Non-Cash Add-back)	17.05B	15.78B	17.19B	16.54B	17.78B	14.89B	14.8B	14.32B	15.93B	16.62B
EBIT	-8.22B	-620M	8.63B	19.25B	11.64B	-21.93B	17.74B	18.03B	27.57B	11.36B
Net Interest Income+	-1.04B	-1.36B	-1.64B	-1.88B	-2B	-1.92B	-1.94B	-1.52B	-1.68B	-1.81B
Interest Income	611M	506M	657M	773M	420M	240M	581M	1.1B	1.25B	2.77B
Interest Expense	1.35B	1.68B	2.07B	2.53B	2.42B	2.16B	2.52B	2.62B	2.93B	4.58B
Other Income/Expense	787M	2.12B	-739M	-15.55B	-8.04B	-24.32B	4.55B	-26.04B	-23.23B	-6.83B
Pretax Income+	-9.57B	-2.29B	7.18B	16.72B	8.15B	-24.89B	15.23B	15.4B	23.75B	6.78B
Pretax Margin %	-0.04%	-0.01%	0.03%	0.06%	0.05%	-0.23%	0.1%	0.06%	0.11%	0.04%
Income Tax+	-3.17B	-2.47B	3.71B	7.14B	3.96B	-4.16B	6.74B	16.76B	7.87B	5.55B
Effective Tax Rate %	0.68%	-0.05%	0.47%	0.56%	0.49%	0.82%	0.5%	-0.16%	0.64%	0.06%
Net Income+	-6.48B	115M	3.39B	9.38B	4.03B	-20.3B	7.57B	-2.49B	15.24B	381M
Net Margin %	-0.03%	0%	0.01%	0.03%	0.03%	-0.19%	0.05%	-0.01%	0.07%	0%
Net Income Growth %	-2.71%	1.02%	28.47%	1.77%	-0.57%	-6.04%	1.37%	-1.33%	7.13%	-0.97%
Net Income (Continuing)	-6.4B	172M	3.47B	9.58B	4.19B	-20.73B	8.49B	-1.36B	15.88B	1.23B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.17B	1.56B	1.91B	2.1B	2.3B	14.32B	14.98B	15.44B	15.21B	19.07B
EPS (Diluted)+	-2.12	0.04	1.03	2.80	1.18	-6.03	2.24	-0.79	5.15	0.14
EPS Growth %	-2.72%	1.02%	27.61%	1.72%	-0.58%	-6.11%	1.37%	-1.35%	7.52%	-0.97%
EPS (Basic)	-2.12	0.04	1.03	2.82	1.19	-6.03	2.25	-0.79	5.27	0.14
Diluted Shares Outstanding	3.05B	3.14B	3.3B	3.35B	3.4B	3.37B	3.38B	3.16B	2.96B	2.8B
Basic Shares Outstanding	3.05B	3.12B	3.28B	3.33B	3.38B	3.37B	3.35B	3.16B	2.89B	2.73B
Dividend Payout Ratio	-	40.09%	1.82%	0.71%	1.73%	-	0.57%	-	0.32%	13.13%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	70.6B	67.81B	74.97B	71.31B	82.06B	72.98B	92.59B	107.69B	104.15B	102.83B
Cash & Short-Term Investments	26.61B	23.53B	25.71B	22.69B	20.96B	29.53B	26.22B	23.91B	28.59B	34.52B
Cash Only	26.39B	23.48B	25.59B	22.47B	20.8B	29.19B	25.94B	23.33B	27.75B	34.36B
Short-Term Investments	219M	44M	125M	222M	169M	333M	280M	578M	843M	165M
Accounts Receivable	21.91B	14.45B	19.48B	20.06B	23.94B	17.85B	26.36B	33.29B	30.34B	26.18B
Days Sales Outstanding	35.88	28.82	29.6	24.5	54.85	61.49	61	50.33	53.14	50.52
Inventory	14.14B	17.66B	19.01B	17.99B	20.88B	16.87B	23.71B	28.08B	22.82B	23.23B
Days Inventory Outstanding	23.67	36.51	31.36	24.33	57.86	64.31	64.17	55.02	57.72	53.35
Other Current Assets	14.33B	10.7B	9.35B	9.61B	15.42B	7.46B	13.81B	20.32B	19.88B	16.3B
Total Non-Current Assets+	191.23B	195.5B	201.55B	210.87B	213.13B	194.67B	194.68B	180.43B	176.15B	179.39B
Property, Plant & Equipment	129.76B	129.76B	129.47B	135.26B	146.73B	118.95B	117.19B	110.26B	109.05B	104.68B
Fixed Asset Turnover	1.72x	1.41x	1.86x	2.21x	1.09x	0.89x	1.35x	2.19x	1.91x	1.81x
Goodwill	11.63B	11.19B	11.55B	12.2B	11.87B	12.48B	12.37B	11.96B	12.47B	14.89B
Intangible Assets	18.66B	18.18B	18.36B	17.28B	1.45B	1.98B	2.16B	5.99B	5.66B	5.21B
Long-Term Investments	18.62B	23.69B	26.11B	27.44B	0	0	0	0	0	0
Other Non-Current Assets	11.02B	7.94B	11.6B	14.97B	48.53B	53.52B	56.55B	48.32B	44.7B	49.22B
Total Assets+	261.83B	263.32B	276.51B	282.18B	295.19B	267.65B	287.27B	288.12B	280.29B	282.23B
Asset Turnover	0.85x	0.70x	0.87x	1.06x	0.54x	0.40x	0.55x	0.84x	0.74x	0.67x
Asset Growth %	-0.08%	0.01%	0.05%	0.02%	0.05%	-0.09%	0.07%	0%	-0.03%	0.01%
Total Current Liabilities+	54.72B	58.35B	64.73B	68.24B	73.59B	59.8B	80.29B	99.02B	86.08B	82.24B
Accounts Payable	16.84B	21.57B	26.98B	26.25B	30.54B	23.16B	37.33B	47.21B	42.41B	38.64B
Days Payables Outstanding	28.18	44.62	44.5	35.51	84.62	88.27	101.01	92.5	107.27	88.72
Short-Term Debt	6.9B	6.59B	7.7B	9.33B	10.49B	9.36B	5.56B	3.2B	3.28B	4.47B
Deferred Revenue (Current)	-1000K	-1000K	-1000K	1000K	0	0	0	0	0	0
Other Current Liabilities	21.47B	21.22B	18.91B	18.97B	12.17B	11.46B	18.82B	25.67B	16.26B	15.12B
Current Ratio	1.29x	1.16x	1.16x	1.05x	1.12x	1.22x	1.15x	1.09x	1.21x	1.25x
Quick Ratio	1.03x	0.86x	0.86x	0.78x	0.83x	0.94x	0.86x	0.80x	0.94x	0.97x
Cash Conversion Cycle	31.36	20.71	16.45	13.33	28.09	37.54	24.16	12.86	3.6	15.15
Total Non-Current Liabilities+	108.72B	108.12B	111.39B	112.39B	120.89B	122.29B	116.55B	106.11B	108.72B	121.67B
Long-Term Debt	45.77B	51.46B	55.18B	55.8B	57.24B	63.3B	55.62B	43.75B	48.67B	55.07B
Capital Lease Obligations	657M	592M	618M	623M	7.66B	7.33B	6.86B	6.45B	8.47B	9.34B
Deferred Tax Liabilities	9.6B	7.24B	7.98B	9.81B	9.75B	6.83B	8.78B	10.53B	9.62B	8.43B
Other Non-Current Liabilities	52.9B	49.22B	47.91B	46.15B	46.25B	44.82B	45.28B	45.39B	41.97B	48.83B
Total Liabilities	163.44B	166.47B	176.11B	180.63B	194.49B	182.09B	196.83B	205.13B	194.8B	203.91B
Total Debt+	53.17B	58.3B	63.23B	65.8B	77.45B	81.93B	69.79B	55.49B	63.08B	71.55B
Net Debt	26.78B	34.82B	37.64B	43.33B	56.65B	52.73B	43.85B	32.16B	35.33B	37.19B
Debt / Equity	0.54x	0.60x	0.63x	0.65x	0.77x	0.96x	0.77x	0.67x	0.74x	0.91x
Debt / EBITDA	7.95x	5.13x	2.52x	2.00x	2.28x	5.72x	2.74x	1.00x	1.00x	2.37x
Net Debt / EBITDA	4.00x	3.06x	1.50x	1.32x	1.67x	3.68x	1.72x	0.58x	0.56x	1.23x
Interest Coverage	-7.69x	-2.64x	3.82x	6.46x	6.71x	-0.27x	4.24x	15.80x	16.04x	2.97x
Total Equity+	98.39B	96.84B	100.4B	101.55B	100.71B	85.57B	90.44B	82.99B	85.49B	78.32B
Equity Growth %	-0.13%	-0.02%	0.04%	0.01%	-0.01%	-0.15%	0.06%	-0.08%	0.03%	-0.08%
Book Value per Share	32.22	30.82	30.40	30.31	29.62	25.39	26.78	26.22	28.90	27.94
Total Shareholders' Equity	97.22B	95.29B	98.49B	99.44B	98.41B	71.25B	75.46B	67.55B	70.28B	59.25B
Common Stock	5.03B	5.26B	5.32B	5.38B	5.38B	5.36B	5.19B	4.77B	4.47B	4.17B
Retained Earnings	81.37B	75.64B	75.23B	78.75B	73.71B	47.3B	51.81B	34.73B	35.34B	22.53B
Treasury Stock	-19.96B	-18.44B	-16.96B	-15.77B	-14.41B	-13.22B	-12.62B	-12.15B	-11.32B	-9.03B
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.17B	1.56B	1.91B	2.1B	2.3B	14.32B	14.98B	15.44B	15.21B	19.07B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	19.13B	10.69B	18.93B	22.87B	25.77B	12.16B	23.61B	40.93B	32.04B	27.3B
Operating CF Margin %	0.09%	0.06%	0.08%	0.08%	0.16%	0.11%	0.15%	0.17%	0.15%	0.14%
Operating CF Growth %	-0.42%	-0.44%	0.77%	0.21%	0.13%	-0.53%	0.94%	0.73%	-0.22%	-0.15%
Net Income	-9.57B	-2.29B	7.18B	16.72B	8.15B	-24.89B	15.23B	15.4B	23.75B	6.78B
Depreciation & Amortization	17.05B	15.78B	17.19B	16.54B	17.78B	14.89B	14.8B	14.32B	15.93B	16.62B
Stock-Based Compensation	321M	779M	661M	690M	730M	723M	627M	795M	616M	1.17B
Deferred Taxes	9.99B	-1.17B	-3.54B	-6.93B	0	0	0	0	0	0
Other Non-Cash Items	502M	795M	793M	607M	2.02B	21.52B	-6.42B	16.68B	-4.92B	-1.26B
Working Capital Changes	843M	-3.2B	-3.35B	-4.76B	-2.92B	-85M	-626M	-6.27B	-3.34B	3.98B
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	843M	-3.2B	-3.35B	-4.76B	-3.41B	3.96B	-7.46B	-5.49B	5.63B	808M
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-17.3B	-14.75B	-14.08B	-21.57B	-16.97B	-7.86B	-5.69B	-13.71B	-14.87B	-13.25B
Capital Expenditures	-18.65B	-16.7B	-16.56B	-16.71B	-15.42B	-12.31B	-10.89B	-12.07B	-14.29B	-15.3B
CapEx % of Revenue	0.08%	0.09%	0.07%	0.06%	0.1%	0.12%	0.07%	0.05%	0.07%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.18B	1.44B	3.29B	1.61B	746M	1.21B	1.34B	776M	188M	409M
Cash from Financing+	-4.54B	1.98B	-3.3B	-4.08B	-8.82B	3.96B	-18.08B	-28.02B	-13.36B	-7.3B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-6.66B	-4.61B	-6.15B	-6.7B	-6.95B	-6.34B	-4.3B	-4.36B	-4.81B	-5B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-96M	780M	877M	1.15B	-2.02B	9.75B	-1.88B	-2.59B	-1.74B	113M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	485M	-6.01B	2.37B	6.17B	10.35B	-144M	12.72B	28.86B	17.75B	12B
FCF Margin %	0%	-0.03%	0.01%	0.02%	0.06%	-0%	0.08%	0.12%	0.09%	0.06%
FCF Growth %	-0.95%	-13.39%	1.39%	1.6%	0.68%	-1.01%	89.37%	1.27%	-0.38%	-0.32%
FCF per Share	0.16	-1.91	0.72	1.84	3.04	-0.04	3.77	9.12	6.00	4.28
FCF Conversion (FCF/Net Income)	-2.95x	92.97x	5.59x	2.44x	6.40x	-0.60x	3.12x	-16.46x	2.10x	71.65x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-6.14%	0.12%	3.44%	9.29%	3.98%	-21.8%	8.6%	-2.87%	18.09%	0.47%
Return on Invested Capital (ROIC)	-5.96%	-2.58%	4.4%	8.66%	8.04%	-0.29%	5.87%	24.92%	29.86%	8.64%
Gross Margin	2.16%	3.56%	7.87%	9.67%	17.31%	9.61%	14.49%	22.82%	30.74%	15.98%
Net Margin	-2.91%	0.06%	1.41%	3.14%	2.53%	-19.17%	4.8%	-1.03%	7.31%	0.2%
Debt / Equity	0.54x	0.60x	0.63x	0.65x	0.77x	0.96x	0.77x	0.67x	0.74x	0.91x
Interest Coverage	-7.69x	-2.64x	3.82x	6.46x	6.71x	-0.27x	4.24x	15.80x	16.04x	2.97x
FCF Conversion	-2.95x	92.97x	5.59x	2.44x	6.40x	-0.60x	3.12x	-16.46x	2.10x	71.65x
Revenue Growth	-36.96%	-17.89%	31.26%	24.37%	-46.68%	-33.5%	48.89%	53.03%	-13.69%	-9.2%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Oil and Gas, Oil Products	-	195.47B	180.53B	63.56B	101.42B	149.85B	128.97B	121.02B
Oil and Gas, Oil Products Growth	-	-	-7.64%	-64.79%	59.55%	47.76%	-13.94%	-6.16%
Other Operating Revenue	-	-	21.76B	16.79B	20.38B	35.65B	38.91B	28.12B
Other Operating Revenue Growth	-	-	-	-22.85%	21.36%	74.96%	9.13%	-27.73%
Natural Gas Products	-	21.75B	20.17B	12.73B	24.38B	41.77B	29.54B	24.46B
Natural Gas Products Growth	-	-	-7.26%	-36.90%	91.56%	71.34%	-29.28%	-17.19%
Product And Service Other 1	-	13.77B	13.25B	9.84B	6.08B	7.9B	10.3B	13.36B
Product And Service Other 1 Growth	-	-	-3.73%	-25.76%	-38.19%	29.83%	30.42%	29.75%
Oil And Gas, Crude Oil	-	65.28B	62.13B	5.05B	5.48B	6.31B	2.41B	2.22B
Oil And Gas, Crude Oil Growth	-	-	-4.82%	-91.88%	8.62%	15.06%	-61.75%	-8.04%

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Non-US1	156.94B	200.69B	189.06B	124.75B	103.99B	170.27B	149.55B	130.38B
Non-US1 Growth	-	27.88%	-5.79%	-34.01%	-16.64%	63.74%	-12.17%	-12.82%
UNITED STATES	83.27B	98.07B	89.33B	55.61B	53.75B	71.12B	60.58B	58.8B
UNITED STATES Growth	-	17.77%	-8.90%	-37.75%	-3.35%	32.32%	-14.82%	-2.93%

Frequently Asked Questions

Valuation & Price

BP p.l.c. (BP) has a price-to-earnings (P/E) ratio of 251.1x. This suggests investors expect higher future growth.

Growth & Financials

BP p.l.c. (BP) reported $187.67B in revenue for fiscal year 2024. This represents a 50% decrease from $375.52B in 2011.

BP p.l.c. (BP) saw revenue decline by 9.2% over the past year.

Yes, BP p.l.c. (BP) is profitable, generating $1.52B in net income for fiscal year 2024 (0.2% net margin).

Dividend & Returns

Yes, BP p.l.c. (BP) pays a dividend with a yield of 5.08%. This makes it attractive for income-focused investors.

BP p.l.c. (BP) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

BP p.l.c. (BP) generated $10.67B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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