Financials BP PLC Nyse

Equities

BP

US0556221044

Oil & Gas Refining and Marketing

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
39.47 ^USD	-0.38%		+2.47%	+11.50%

Apr. 26	SEC Charges Former BP Employee With Insider Trading on TravelCenters Deal	DJ
Apr. 26	European Equities Traded in the US as American Depositary Receipts Trend Higher in Friday Trading, End Week Up 3.4%	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	125,861	70,274	87,609	104,293	100,459	107,471	-	-
Enterprise Value (EV) ¹	180,835	121,089	126,435	125,715	121,371	135,540	133,763	132,755
P/E ratio	31.7 x	-3.47 x	12 x	-43.8 x	6.91 x	7.74 x	7.61 x	6.98 x
Yield	6.56%	9.04%	4.84%	4.19%	4.79%	4.65%	4.92%	5.17%
Capitalization / Revenue	0.45 x	0.39 x	0.56 x	0.43 x	0.48 x	0.51 x	0.51 x	0.54 x
EV / Revenue	0.65 x	0.67 x	0.8 x	0.52 x	0.58 x	0.64 x	0.64 x	0.66 x
EV / EBITDA	4.94 x	10.1 x	3.4 x	2.08 x	2.82 x	3.23 x	3.17 x	3.15 x
EV / FCF	17.5 x	-841 x	9.94 x	5.11 x	6.84 x	9.19 x	9.06 x	8.97 x
FCF Yield	5.72%	-0.12%	10.1%	19.6%	14.6%	10.9%	11%	11.1%
Price to Book	1.29 x	0.99 x	1.2 x	1.61 x	1.42 x	1.45 x	1.34 x	1.27 x
Nbr of stocks (in thousands)	20,126,809	20,169,694	19,593,397	18,157,212	16,930,452	16,440,984	-	-
Reference price ²	6.253	3.484	4.471	5.744	5.934	6.537	6.537	6.537
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	278,397	180,366	157,739	241,392	210,130	211,406	208,833	200,619
EBITDA ¹	36,571	12,041	37,147	60,362	42,964	41,918	42,211	42,149
EBIT ¹	18,791	-2,848	22,342	46,044	27,036	26,346	26,392	26,604
Operating Margin	6.75%	-1.58%	14.16%	19.07%	12.87%	12.46%	12.64%	13.26%
Earnings before Tax (EBT) ¹	8,154	-24,888	15,227	15,405	23,749	23,455	22,866	22,080
Net income ¹	4,026	-20,305	7,565	-2,487	15,239	14,084	13,737	13,445
Net margin	1.45%	-11.26%	4.8%	-1.03%	7.25%	6.66%	6.58%	6.7%
EPS ²	0.1973	-1.004	0.3733	-0.1310	0.8585	0.8441	0.8584	0.9369
Free Cash Flow ¹	10,352	-144	12,725	24,602	17,754	14,750	14,756	14,794
FCF margin	3.72%	-0.08%	8.07%	10.19%	8.45%	6.98%	7.07%	7.37%
FCF Conversion (EBITDA)	28.31%	-	34.26%	40.76%	41.32%	35.19%	34.96%	35.1%
FCF Conversion (Net income)	257.13%	-	168.21%	-	116.5%	104.73%	107.42%	110.03%
Dividend per Share ²	0.4100	0.3150	0.2163	0.2408	0.2842	0.3042	0.3216	0.3378
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	36,174	50,554	49,258	67,866	55,011	69,257	56,182	48,538	53,269	52,141	56,872	59,638	58,654	56,749	55,616
EBITDA ¹	9,878	10,912	13,834	16,278	17,217	13,033	13,016	9,770	10,306	10,187	9,703	10,715	10,775	10,253	10,637
EBIT ¹	5,934	7,049	10,209	12,766	13,750	9,319	9,216	5,606	6,087	6,127	6,040	6,778	6,527	6,654	6,451
Operating Margin	16.4%	13.94%	20.73%	18.81%	25%	13.46%	16.4%	11.55%	11.43%	11.75%	10.62%	11.36%	11.13%	11.73%	11.6%
Earnings before Tax (EBT) ¹	-495	4,042	-17,540	14,063	1,980	16,902	11,847	3,494	7,309	1,099	5,000	6,075	6,200	5,958	5,880
Net income ¹	-2,544	2,326	-20,384	9,257	-2,163	10,803	8,218	1,792	4,858	371	2,824	3,554	3,506	3,502	3,462
Net margin	-7.03%	4.6%	-41.38%	13.64%	-3.93%	15.6%	14.63%	3.69%	9.12%	0.71%	4.97%	5.96%	5.98%	6.17%	6.23%
EPS ²	-0.1263	0.1166	-1.045	0.4718	-0.1145	0.5836	0.4506	0.1001	0.2759	0.0215	0.1752	0.2043	0.1918	0.2073	0.2082
Dividend per Share ²	0.0546	0.0546	0.0546	0.0600	0.0601	0.0661	0.0661	0.0727	0.0727	0.0727	0.0720	0.0778	0.0778	0.0778	0.0800
Announcement Date	11/2/21	2/8/22	5/3/22	8/2/22	11/1/22	2/7/23	5/2/23	8/1/23	10/31/23	2/6/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	54,974	50,815	38,826	21,422	20,912	28,069	26,292	25,284
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.503 x	4.22 x	1.045 x	0.3549 x	0.4867 x	0.6696 x	0.6229 x	0.5999 x
Free Cash Flow ¹	10,352	-144	12,725	24,602	17,754	14,750	14,756	14,794
ROE (net income / shareholders' equity)	10.1%	-6.71%	10.3%	38.7%	20.1%	18.3%	18%	18.5%
ROA (Net income/ Total Assets)	3.46%	-2.02%	2.73%	9.61%	4.87%	4.76%	5.03%	5.22%
Assets ¹	116,341	1,004,253	277,513	-25,874	313,044	295,696	273,180	257,514
Book Value Per Share ²	4.860	3.520	3.720	3.560	4.180	4.490	4.860	5.140
Cash Flow per Share ²	1.260	0.6000	1.170	2.160	1.810	1.820	1.920	2.020
Capex ¹	15,418	12,306	10,887	16,330	14,285	15,859	15,900	16,150
Capex / Sales	5.54%	6.82%	6.9%	6.76%	6.8%	7.5%	7.61%	8.05%
Announcement Date	2/4/20	2/2/21	2/8/22	2/7/23	2/6/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BP PLC

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.537 USD

Average target price

7.658 USD

Spread / Average Target

+17.15%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Refining and Marketing

	1st Jan change	Capi.
RELIANCE INDUSTRIES LTD	+12.39%	221B
CHINA PETROLEUM & CHEMICAL CORPORATION	+17.36%	103B
MARATHON PETROLEUM CORPORATION	+33.72%	71.49B
PHILLIPS 66	+13.72%	64.2B
VALERO ENERGY CORPORATION	+27.54%	54.22B
IMPERIAL OIL LIMITED	+27.93%	37.79B
INDIAN OIL CORPORATION LIMITED	+32.11%	28.33B
FORMOSA PETROCHEMICAL CORPORATION	-11.77%	20.79B
REPSOL S.A.	+9.44%	19.12B

Other Oil & Gas Refining and Marketing