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BP

BP p.l.c.

BP

BP p.l.c. • NYSE
$36.10 ▲ 0.47% (+0.17)
Market Cap $560.33 B
52w High $37.64
52w Low $25.22
Dividend Yield 1.94%
P/E 58.23
Volume 2.88M
Outstanding Shares 15.52B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $48.386B ▲ $4.257B ▼ $1.161B ▼ 2.399% ▼ $0.45 ▼ $9.075B ▲
Q2-2025 $46.627B ▼ $4.381B ▼ $1.629B ▲ 3.494% ▲ $0.62 ▲ $8.753B ▲
Q1-2025 $46.905B ▲ $4.514B ▲ $687M ▲ 1.465% ▲ $0.26 ▲ $8.634B ▲
Q4-2024 $45.752B ▼ $4.274B ▼ $-1.959B ▼ -4.282% ▼ $-0.74 ▼ $5.169B ▼
Q3-2024 $47.254B $4.302B $206M 0.436% $0.076 $6.616B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $35.048B ▼ $280.459B ▼ $202.814B ▼ $58.244B ▼
Q2-2025 $35.312B ▲ $284.737B ▲ $204.957B ▲ $59.24B ▲
Q1-2025 $34.049B ▼ $281.396B ▼ $203.444B ▼ $58.215B ▼
Q4-2024 $34.525B ▼ $282.228B ▲ $203.91B ▲ $59.246B ▼
Q3-2024 $34.762B $269.708B $189.762B $64.826B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.154B ▼ $7.769B ▲ $-3.285B ▼ $-4.586B ▼ $-158M ▼ $4.619B ▲
Q2-2025 $2.883B ▼ $6.271B ▲ $-2.932B ▲ $-2.233B ▲ $1.299B ▲ $3.035B ▲
Q1-2025 $3.13B ▲ $2.834B ▼ $-3.264B ▼ $-5.114B ▼ $-5.438B ▼ $-517M ▼
Q4-2024 $-503M ▼ $7.427B ▲ $-1.755B ▲ $-579M ▲ $4.674B ▲ $3.534B ▲
Q3-2024 $1.398B $6.761B $-4.233B $-3.003B $-296M $2.538B

Five-Year Company Overview

Income Statement

Income Statement BP’s earnings over the last five years show how exposed it is to swings in oil and gas markets. After a very weak 2020 and a loss in 2022, profit surged in 2021–2023 as energy prices recovered, then dropped sharply again in 2024. Revenue has come down from the recent peak and margins have narrowed, with operating profit and net profit in 2024 much lower than the prior two years. Underlying operating performance is still positive, but results are volatile and sensitive to commodity prices, one‑off charges, and the cost of the energy transition.

Balance Sheet

Balance Sheet The balance sheet is large and relatively stable, with total assets moving within a fairly tight range over the last five years. Cash on hand has improved compared with the depths of 2020, giving BP more flexibility. Debt, while lower than pandemic-era levels, has crept back up recently, and shareholder equity has edged down, likely reflecting buybacks, dividends, and weaker recent profits. Overall, BP still has the scale and asset base of a global supermajor, but is not in a phase of rapidly strengthening its balance sheet; it is balancing payouts, investment, and debt carefully.

Cash Flow

Cash Flow Cash generation from the core business has been solid since 2021, well above pandemic levels, even though it has eased back from the recent high point. Free cash flow has been consistently positive in recent years after investment, which gives BP room to fund new projects, reduce debt, and return capital. Capital spending is steady to slightly higher, signaling an ongoing commitment to both traditional oil and gas projects and selected low‑carbon initiatives. The main message from the cash flows: operations are still throwing off meaningful cash, but with less of a boom than at the recent cycle peak.

Competitive Edge

Competitive Edge BP remains one of the few truly global integrated oil and gas companies, which is a major competitive strength. Its scale across exploration, production, refining, trading, and retail provides cost advantages, flexibility, and multiple profit pools. Well-known brands in fuels and lubricants, plus strong retail positions in many countries, support customer loyalty. The U.S. onshore business (bpx energy) looks like a key growth and efficiency engine. At the same time, BP faces intense competition from other supermajors and national oil companies, as well as structural pressure from climate policy, changing consumer behavior, and the long-term shift away from fossil fuels.

Innovation and R&D

Innovation and R&D BP’s innovation is focused less on flashy new products and more on making its massive asset base smarter, safer, and cleaner. Digital twins, artificial intelligence, and advanced analytics are being used to squeeze more output from fields, reduce downtime, and lower maintenance costs. On the low‑carbon side, BP has shifted from a broad push into many projects to a more selective strategy: doubling down on areas like bioenergy in Brazil, targeted hydrogen hubs, and large carbon capture and storage projects, while stepping back from weaker or early‑stage ventures. EV charging and convenience retail are important growth themes in its customer-facing business. The opportunity is to translate these technologies and projects into durable, profitable businesses, but that will depend heavily on execution, policy support, and market adoption.

Summary

BP’s recent story is one of transition layered on top of a very cyclical oil and gas core. Financially, it has moved from deep losses in 2020 to strong profits in 2021–2023, then to a much softer year in 2024, reminding observers how dependent results still are on commodity prices and one‑off items. The balance sheet is ample but not dramatically strengthening, as cash is being split between investment and shareholder returns while debt inches up from its recent low. Cash flows remain a relative bright spot, supporting continued investment in both hydrocarbons and low‑carbon projects. Competitively, BP benefits from global scale, integration, and strong brands, yet must navigate policy, environmental, and reputational pressures. Its innovation approach has become more disciplined and focused, with digitalization and selected low‑carbon bets at the center. Overall, BP looks like a mature energy major working to reshape itself gradually rather than rapidly, with outcomes that will hinge on the pace of the energy transition and its ability to execute on a narrower set of growth initiatives.

NEWS

November 14, 2025 · 7:00 AM UTC

BP Silver Commences Drilling at Cosuño Silver Project and Announces One-Year Extension on Property Payment

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September 24, 2025 · 3:30 AM UTC

The Frankfurt am Main PKO BP branch connecting the Polish and German markets celebrates its 10th Anniversary

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