BP's second-quarter earnings of $5.7 billion increased from $2.4 billion the year before, exceeding market expectations, as higher prices and wide refining margins offset lower volumes. New CEO Meg O'Neill laid out her five key priorities in pursuit of a step change in performance.
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
|
TTE
|
CVX
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.48 | 10.11 | 17.21 |
Price/Book Value | 1.83 | 1.47 | 1.93 |
Price/Sales | 0.50 | 0.96 | 1.77 |
Price/Cash Flow | 2.73 | 5.76 | 8.02 |
|
Metric
|
BP
|
TTE
|
CVX
|
|---|---|---|---|
Quick Ratio | 0.77 | 0.53 | 0.84 |
Current Ratio | 1.27 | 1.06 | 1.25 |
Interest Coverage | 4.12 | 11.79 | 22.46 |
|
Metric
|
BP
|
TTE
|
CVX
|
|---|---|---|---|
Return on Assets (Normalized) | 4.40% | 6.40% | 6.86% |
Return on Equity (Normalized) | 22.25% | 16.09% | 11.95% |
Return on Invested Capital (Normalized) | 10.42% | 10.98% | 10.05% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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XOM
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CVX
| LOCK|qc<%?Zg | LOCK|nbsW | $366B | |||
| PetroChina Co Ltd Class H
PCCYF
| — | LOCK|!m | $284B | |||
| Shell PLC
RYDAF
| — | LOCK|%K! | $244B | |||
| Shell PLC ADR (Representing - Ordinary Shares)
SHEL
| LOCK|^S>S%#< | LOCK|ZHR | $244B | |||
| TotalEnergies SE
TTE
| LOCK|^KJ&!#p | LOCK|v@ | $189B | |||
| Petroleo Brasileiro SA Petrobras ADR
PBR
| LOCK|y#yY?Z | LOCK|ZGP | $110B | |||
| Equinor ASA ADR
EQNR
| LOCK|$L&&TV | LOCK|%N? | $93B | |||
| Eni SpA ADR
E
| LOCK|$<>pp$# | LOCK|d@ | $78B |
United States