BP's third-quarter earnings exceeded market expectations. Much wider refining margins and stronger gas marketing and trading results drove earnings higher from the second quarter. BP made progress with its previously announced key priorities, most notably debt reduction.
BP’s pivot back to oil and gas should result in stronger long-term performance and higher returns than its previous energy transition strategy.
BP’s pivot back to oil and gas will not sufficiently satisfy investors displeased with its performance, and its underperformance will continue.
Metric | BP. | CVX | XOM |
|---|---|---|---|
Price/Earnings (Normalized) | 9.47 | 15.26 | 16.42 |
Price/Book Value | 2.00 | 2.14 | 2.54 |
Price/Sales | 0.56 | 1.87 | 1.78 |
Price/Cash Flow | 3.02 | 8.04 | 9.24 |
Metric | BP. | CVX | XOM |
|---|---|---|---|
Quick Ratio | 0.77 | 0.93 | 0.87 |
Current Ratio | 1.27 | 1.34 | 1.19 |
Interest Coverage | 4.12 | 29.53 | 65.12 |
Metric | BP. | CVX | XOM |
|---|---|---|---|
Return on Assets (Normalized) | — | 8.56% | 10.47% |
Return on Equity (Normalized) | — | 14.91% | 18.55% |
Return on Invested Capital (Normalized) | — | 12.43% | 15.82% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| ExxonMobil Holdings Corp XOM | LOCK|$gQ&sD! | LOCK|TB#C@ | $690B | |||
| Chevron Corp CVX | LOCK|D<g!kN^? | LOCK|x!?c | $423B | |||
| PetroChina Co Ltd Class H PCCYF | — | LOCK|mvq | $360B | |||
| Shell PLC RYDAF | — | LOCK|k!# | $289B | |||
| Shell PLC ADR (Representing - Ordinary Shares) SHEL | LOCK|pg&Z@Jp | LOCK|>P | $289B | |||
| TotalEnergies SE TTE | LOCK|WvD>#x< | LOCK|Y% | $201B | |||
| Petroleo Brasileiro SA Petrobras ADR PBR | LOCK|L&l!j%& | LOCK|J^C | $119B | |||
| BP PLC ADR BP | LOCK|s$ZZgS | LOCK|?f | $119B | |||
| Equinor ASA ADR EQNR | LOCK|Tf$nqhM | LOCK|$% | $104B | |||
| Eni SpA ADR E | LOCK|c?@BvrV | LOCK|Pb> | $82B |
United States