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BP PLC ADR BP

Morningstar Rating
$35.71 +0.32 (0.90%)
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Company Report

BP Continues Push Into Low-Carbon Businesses Even As It Keeps Hydrocarbon Production Steady

BP remains committed to investing and growing its nonhydrocarbon businesses as it seeks to transition to an integrated energy company from an integrated oil company. However, it has revised its previous plans to reduce production by 25% by 2025 and 40% by 2030, and will now increase production slightly through 2025 and reduce it by about 25% from 2019 levels by 2030, largely through divestments. During that time, it should also improve upstream profitability as higher-margin volumes from major projects come online and costs are reduced. Shareholders should welcome this change in our view given the improved outlook for oil and gas prices.

Price vs Fair Value

BP is trading at a 764% premium.
Price
$35.39
Fair Value
$56.60
Uncertainty
High
1-Star Price
$62.93
5-Star Price
$63.50
Economic Moat
Smjfr
Capital Allocation
Vrmvvkpm

Bulls Say, Bears Say

Bulls

BP is moving early to adapt to the coming energy transition. Its aggressive move away from oil investments should leave it better positioned than peers in the next decade.

Bears

BP’s relative lack of oil production growth leaves it at a disadvantage to peers as oil demand will continue to grow for another decade while current industry underinvestment will result in higher-than-expected prices.

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News

Trading Information

Previous Close Price
$35.39
Day Range
$35.4835.92
52-Week Range
$33.5240.84
Bid/Ask
$35.70 / $35.79
Market Cap
$99.04 Bil
Volume/Avg
5.1 Mil / 9.0 Mil

Key Statistics

Price/Earnings (Normalized)
8.67
Price/Sales
0.51
Dividend Yield (Trailing)
4.89%
Dividend Yield (Forward)
4.89%
Total Yield
12.21%

Company Profile

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
Sector
Energy
Industry
Oil & Gas Integrated
Stock Style Box
Large Value
Total Number of Employees
87,800

Competitors

Valuation

Metric
BP
XOM
SHELL
Price/Earnings (Normalized)
8.6712.778.87
Price/Book Value
1.432.151.22
Price/Sales
0.511.360.78
Price/Cash Flow
3.318.095.50
Price/Earnings
BP
XOM
SHELL

Financial Strength

Metric
BP
XOM
SHELL
Quick Ratio
0.771.020.99
Current Ratio
1.231.381.42
Interest Coverage
4.6054.076.66
Quick Ratio
BP
XOM
SHELL

Profitability

Metric
BP
XOM
SHELL
Return on Assets (Normalized)
4.17%9.46%6.37%
Return on Equity (Normalized)
16.35%17.46%13.96%
Return on Invested Capital (Normalized)
9.17%14.30%9.93%
Return on Assets
BP
XOM
SHELL
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Oil & Gas Integrated Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Exxon Mobil Corp
XOM
MkvzqsxnXdpbwx$490.7 Bil
Chevron Corp
CVX
LzpldztvgJmvzszd$280.4 Bil
PetroChina Co Ltd Class H
PCCYF
Zlchd$241.3 Bil
Shell PLC
RYDAF
Sslpc$219.8 Bil
Shell PLC ADR (Representing - Ordinary Shares)
SHEL
QrqxttytXrbyy$219.8 Bil
TotalEnergies SE ADR
TTE
FwwyrdnpPmxg$153.2 Bil
Petroleo Brasileiro SA Petrobras ADR
PBR
PxcfgzxxvFkwty$87.5 Bil
Equinor ASA ADR
EQNR
XwymtvkwMmttb$80.8 Bil
Eni SpA ADR
E
RvkfcqwfCznc$47.6 Bil

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