Morningstar

BP PLC ADR BP

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Stock XNYS Rating as of
$32.37 +0.28 (0.87%)
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As of Delayed Price Closed

Company Report

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BP Remains Committed to Becoming an Integrated Energy Company

Allen Good

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. It 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, given the improved outlook for oil and gas prices.

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Price vs Fair Value

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BP is trading at a 82% premium.
Price
$32.37
Fair Value
$65.50
Uncertainty
High
1-Star Price
$64.32
5-Star Price
$11.34
Economic Moat
Hbm
Capital Allocation
Ykyvpxxzg

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

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Trading Information

Previous Close Price
$32.09
Day Range
$32.15–32.64
52-Week Range
$30.52–40.84
Bid/Ask
$32.34 / $32.39
Market Cap
$85.89 Bil
Volume/Avg
8.0 Mil / 7.6 Mil

Key Statistics

Price/Earnings (Normalized)
7.93
Price/Sales
0.46
Dividend Yield (Trailing)
5.53%
Dividend Yield (Forward)
5.93%
Total Yield
13.99%

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 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% 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
Website
https://www.bp.com

Competitors

Valuation

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Metric
BP
SHELL
CVX
Price/Earnings (Normalized)
 7.937.7012.82
Price/Book Value
 1.281.101.72
Price/Sales
 0.460.711.42
Price/Cash Flow
 3.034.627.46
Price/Earnings
BP
SHELL
CVX

Financial Strength

Metric
BP
SHELL
CVX
Quick Ratio
 0.770.970.73
Current Ratio
 1.231.411.16
Interest Coverage
 4.647.0859.46
Quick Ratio
BP
SHELL
CVX

Profitability

Metric
BP
SHELL
CVX
Return on Assets (Normalized)
 4.17%6.78%8.57%
Return on Equity (Normalized)
 16.35%14.74%13.84%
Return on Invested Capital (Normalized)
 9.05%10.60%12.31%
Return on Assets
BP
SHELL
CVX

Oil & Gas Integrated Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Exxon Mobil Corp
XOM
GmygthkmZcmknz$539.9 Bil
 Chevron Corp
CVX
MnwdlyldgBnqbgrz$273.9 Bil
 PetroChina Co Ltd Class H
PCCYF
—Vbkl$225.7 Bil
 Shell PLC
RYDAF
—Kpzr$204.9 Bil
 Shell PLC ADR (Representing - Ordinary Shares)
SHEL
NqzlnqqwCdpr$204.9 Bil
 TotalEnergies SE ADR
TTE
HzbdkbwpSfmxj$150.6 Bil
 Petroleo Brasileiro SA Petrobras ADR
PBR
PwnhjbffjBzx$93.6 Bil
 Equinor ASA ADR
EQNR
YyjkvtdbNtmk$73.0 Bil
 Eni SpA ADR
E
PpjljgfMmfs$48.6 Bil

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