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BP PLC (GB:BP.B)
LSE:BP.B
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BP plc
(LSE:BP.B)
Rating:71Outperform
Price Target:―
BP plc (BP.B) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£55.58B
Dividend YieldN/A
Average Volume (3M)6.26K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees100,500
SectorEnergy
Sector Strength42
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,473,414
10 Day Avg. Volume4,588
30 Day Avg. Volume6,259
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.58
Price to Sales (P/S)0.00
P/FCF Ratio7.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
BP plc Business Overview & Revenue Model
Company DescriptionBP 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. Further, it engages in power and storage, digital transformation, carbon management, and bio and low carbon related products, as well as energy and environmental commodities and mobility businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.
How the Company Makes MoneyBP plc generates revenue primarily through the exploration, extraction, and sale of oil and natural gas, as well as refining and marketing oil products. The company's upstream operations involve locating and extracting crude oil and natural gas, which are then processed and sold. BP's downstream operations include refining crude oil into usable products such as gasoline, diesel, and other petrochemicals, which are then marketed and distributed through various channels, including retail and wholesale. Additionally, BP engages in trading activities, leveraging its global presence to optimize the buying and selling of oil, gas, and refined products. The company also earns income from its renewable energy ventures, although these currently constitute a smaller portion of its total revenue. Partnerships and joint ventures in various geographies further enhance BP's ability to capitalize on diverse markets and resources.
BP plc Financial Statement Overview
Summary
BP plc demonstrates a mixed financial performance with operational efficiencies in gross and EBIT margins but faces pressure on net profitability, evidenced by negative net income. The balance sheet shows solid equity and manageable debt levels, though profitability metrics like ROE are concerning. Cash flow remains strong, supporting liquidity despite profit challenges. Overall, BP shows stability with room for improvement in profitability and growth.Income Statement
BP's TTM (Trailing-Twelve-Months) financials show a gross profit margin of 15.42% and an EBIT margin of 8.40%, indicating moderate operational efficiency. However, the company has faced a significant net loss in the last twelve months due to a negative net profit margin of -0.64%. Revenue has decreased from the previous annual report, showing a revenue growth rate of -1.04%. Strengths include sustained gross profit and EBIT margins, but challenges are evident in net profitability and declining revenue.65
Positive
Balance Sheet
BP's balance sheet reflects a debt-to-equity ratio of 1.22, indicating a conservative capital structure with manageable leverage. The equity ratio stands at 20.69%, suggesting a solid equity base. However, a negative return on equity of -2.05% in the TTM highlights profitability concerns. Strengths include a stable equity structure and controlled debt levels, but profitability remains a challenge.70
Positive
Cash Flow
BP's cash flow analysis is positive, with an operating cash flow to net income ratio of -21.02, highlighting strong cash generation relative to its net income loss. The free cash flow to net income ratio is -8.53, reinforcing strong cash flow despite net losses. The free cash flow growth rate of -15.00% suggests a decline from previous periods. Overall, cash flow management remains robust, but growth is a concern.75
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 187.21B | 189.19B | 208.35B | 241.39B | 157.74B | 105.94B | Gross Profit |
| 28.89B | 30.24B | 64.06B | 55.10B | 22.86B | 10.18B | EBIT |
| 15.72B | 12.85B | 46.98B | 44.76B | 15.09B | -346.00M | EBITDA |
| 26.99B | 27.98B | 43.50B | 59.47B | 32.55B | 14.54B | Net Income Common Stockholders |
| -1.20B | 381.00M | 15.24B | -2.49B | 7.57B | -20.30B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 34.05B | 34.52B | 28.59B | 29.77B | 30.96B | 29.53B | Total Assets |
| 281.40B | 282.23B | 280.29B | 288.12B | 287.27B | 267.65B | Total Debt |
| 71.13B | 71.55B | 63.08B | 55.49B | 69.79B | 81.93B | Net Debt |
| 37.36B | 37.19B | 35.33B | 26.30B | 39.11B | 52.73B | Total Liabilities |
| 203.44B | 203.91B | 194.80B | 205.13B | 196.83B | 182.09B | Stockholders Equity |
| 58.22B | 59.25B | 70.28B | 67.55B | 75.46B | 71.25B |
| Cash Flow | Free Cash Flow | ||||
| 10.19B | 12.00B | 17.75B | 28.86B | 12.72B | -144.00M | Operating Cash Flow |
| 25.12B | 27.30B | 32.04B | 40.93B | 23.61B | 12.16B | Investing Cash Flow |
| -12.66B | -13.25B | -14.87B | -13.71B | -5.69B | -7.86B | Financing Cash Flow |
| -9.99B | -7.30B | -13.36B | -28.02B | -18.08B | 3.96B |
BP plc Technical Analysis
Positive
163.50
Price Trends
157.36
Positive
154.15
Positive
153.86
Positive
Market Momentum
1.97
Negative
76.58
Negative
75.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BP.B, the sentiment is Positive. The current price of 163.5 is above the 20-day moving average (MA) of 160.58, above the 50-day MA of 157.36, and above the 200-day MA of 153.86, indicating a bullish trend. The MACD of 1.97 indicates Negative momentum. The RSI at 76.58 is Negative, neither overbought nor oversold. The STOCH value of 75.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BP.B.
BP plc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.17B | 8.65 | 9.56% | 4.98% | 89.44% | 540.95% | |
79 Outperform | £1.58B | 10.71 | 17.50% | 10.82% | -9.80% | -1.98% | |
72 Outperform | £143.43B | 14.13 | 7.41% | 4.46% | -4.09% | -20.79% | |
71 Outperform | £55.58B | ― | ― | ― | ― | ||
69 Neutral | £2.15B | 12.61 | 5.54% | 13.03% | -16.96% | -34.52% | |
62 Neutral | £2.90B | 21.62 | -2.87% | 11.69% | 29.33% | ― | |
57 Neutral | $7.06B | 3.07 | -3.45% | 5.82% | 0.59% | -50.58% |
* Energy Sector Average
Performance Comparison
GB:BP.B
BP plc
163.50
18.76
12.96%
GB:HBR
Harbour Energy
172.40
-109.37
-38.82%
GB:SHEL
Shell (UK)
2,420.00
-248.16
-9.30%
GB:SEPL
SEPLAT Petroleum Development
199.00
42.38
27.06%
GB:ENOG
Energean
859.00
-217.30
-20.19%
GB:ITH
Ithaca Energy PLC
129.80
34.42
36.09%
BP plc Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: 5.14%|
Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment Neutral
BP showed strong operational performance and made significant exploration discoveries, while also achieving cost reductions. However, this was offset by weak gas trading results, increased net debt, high tax rates, and challenges in refining profitability. The highlights and lowlights are relatively balanced.Q1-2025 Updates
Positive Updates
Strong Operational Performance
BP reported strong operational performance in 1Q2025 with over 96% refining availability and more than 95% upstream plant reliability. Three major upstream projects were started, adding 100 mbd of capacity towards a target of 250 mbd by 2027.
Exploration Discoveries
BP made six exploration discoveries, including significant finds in the Gulf of America, Trinidad, Egypt, and Namibia.
Cost Reduction Achievements
BP reported a $500 million reduction in operating expenditure quarter-on-quarter. This is part of a broader $4 billion to $5 billion cost reduction program.
Progress in Divestments
BP has completed or signed $1.5 billion in divestment agreements year-to-date and expects $3 billion to $4 billion in divestments for 2025, with proceeds weighted to the second half.
Negative Updates
Weak Gas Trading Performance
Gas and low carbon energy segment missed expectations primarily due to a weak gas trading result. BP expects to return to normal trading performance in the future.
Increase in Net Debt
Net debt rose in the quarter primarily due to a working capital build. Although BP expects the majority of this to unwind through the year, it remains a point of concern.
High Effective Tax Rate
BP reported a group effective tax rate of around 50% for 1Q2025, which is higher than previous quarters, driven by the composition of profits in higher-taxed areas.
Challenges in Refining Profitability
Despite 96% refining availability, the refining business was loss-making due to difficult margin environments in the Midwest and Rotterdam.
Company Guidance
During the BP First Quarter 2025 Results Call, Murray Auchincloss highlighted several key performance metrics. BP achieved over 96% refining availability and more than 95% upstream plant reliability, contributing to record operating efficiency. The company started three major upstream projects, adding 100 mbd of capacity towards a 250 mbd target by 2027, and made six exploration discoveries. Underlying pretax earnings met consensus, despite weak gas trading results. BP reduced CAPEX by $0.5 billion to $14.5 billion for 2025, with organic CAPEX below $14 billion. The company also completed or signed $1.5 billion in divestment agreements, expecting $3 billion to $4 billion in total for 2025. BP made progress in reducing costs, with $500 million in underlying operating expenditure savings quarter-on-quarter. Net debt rose due to working capital build-up but is expected to unwind throughout the year.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.