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BP

LSE:BP.
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BP.
LSE
£115B
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

BP p.l.c. engages in energy business worldwide. The last earnings update was 26 days ago. More info.


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BP. Share Price and Events
7 Day Returns
-0.3%
LSE:BP.
2.6%
GB Oil and Gas
1.5%
GB Market
1 Year Returns
8.8%
LSE:BP.
16.9%
GB Oil and Gas
2.1%
GB Market
BP. Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BP (BP.) -0.3% 4% 11.4% 8.8% 49.1% 14.2%
GB Oil and Gas 2.6% 6.4% 11.3% 16.9% 51.5% -2.7%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • BP. underperformed the Oil and Gas industry which returned 16.9% over the past year.
  • BP. outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
BP.
Industry
5yr Volatility vs Market

BP. Value

 Is BP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BP.

LSE:BP. Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:BP.
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 19%) (54.05%))
1.253
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.253 * 6.65%)
9.56%

Discounted Cash Flow Calculation for LSE:BP. using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BP is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:BP. DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.56%)
2019 11,319.76 Analyst x14 10,331.79
2020 14,725.56 Analyst x13 12,267.29
2021 13,205.35 Analyst x9 10,040.73
2022 13,757.00 Analyst x2 9,547.23
2023 15,247.00 Analyst x2 9,657.76
2024 15,461.89 Est @ 1.41% 8,939.08
2025 15,671.35 Est @ 1.35% 8,269.42
2026 15,877.65 Est @ 1.32% 7,647.04
2027 16,082.40 Est @ 1.29% 7,069.63
2028 16,286.77 Est @ 1.27% 6,534.60
Present value of next 10 years cash flows $90,304.56
LSE:BP. DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $16,286.77 × (1 + 1.23%) ÷ (9.56% – 1.23%)
$197,789.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $197,789.88 ÷ (1 + 9.56%)10
$79,357.50
LSE:BP. Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $90,304.56 + $79,357.50
$169,662.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $169,662.06 / 20,184.75
$8.41
LSE:BP. Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:BP.)
0.773
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $8.41 x 0.773
£6.5
Value per share (GBP) From above. £6.50
Current discount Discount to share price of £5.70
= -1 x (£5.70 - £6.50) / £6.50
12.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BP is available for.
Intrinsic value
12%
Share price is £5.7 vs Future cash flow value of £6.5
Current Discount Checks
For BP to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BP's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • BP's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:BP. PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.47
LSE:BP. Share Price ** LSE (2019-04-24) in GBP £5.7
LSE:BP. Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.293 $7.37
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 10.09x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BP.

LSE:BP. PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:BP. Share Price ÷ EPS (both in USD)

= 7.37 ÷ 0.47

15.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BP is overvalued based on earnings compared to the GB Oil and Gas industry average.
  • BP is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does BP's expected growth come at a high price?
Raw Data
LSE:BP. PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
11.5%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:BP. PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.7x ÷ 11.5%

1.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BP is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BP's assets?
Raw Data
LSE:BP. PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.95
LSE:BP. Share Price * LSE (2019-04-24) in GBP £5.7
LSE:BP. Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.293 $7.37
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:BP. PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:BP. Share Price ÷ Book Value per Share (both in USD)

= 7.37 ÷ 4.95

1.49x

* Primary Listing of BP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BP is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess BP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. BP has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BP. Future Performance

 How is BP expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BP expected to grow at an attractive rate?
  • BP's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • BP's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • BP's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:BP. Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:BP. Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 11.5%
LSE:BP. Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 0.6%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:BP. Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:BP. Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 31,824 16,924
2022-12-31 30,636 15,382
2021-12-31 295,968 29,902 13,741 7
2020-12-31 308,051 29,831 13,687 11
2019-12-31 289,865 27,169 11,142 11
LSE:BP. Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 297,220 22,873 9,382
2018-09-30 289,403 21,947 8,643
2018-06-30 269,955 21,879 7,063
2018-03-31 251,211 20,463 4,408
2017-12-31 238,433 18,931 3,388
2017-09-30 222,259 15,456 3,858
2017-06-30 209,525 11,940 3,709
2017-03-31 199,545 10,933 2,146
2016-12-31 182,325 10,691 114
2016-09-30 180,811 14,069 -3,691
2016-06-30 189,890 16,744 -5,265
2016-03-31 205,584 19,147 -9,669

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BP's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • BP's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:BP. Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from BP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BP. Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.97 1.11 0.82 2.00
2022-12-31 0.84 0.88 0.79 2.00
2021-12-31 0.69 0.76 0.59 7.00
2020-12-31 0.67 0.85 0.56 10.00
2019-12-31 0.56 0.74 0.42 11.00
LSE:BP. Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.47
2018-09-30 0.43
2018-06-30 0.36
2018-03-31 0.22
2017-12-31 0.17
2017-09-30 0.20
2017-06-30 0.19
2017-03-31 0.11
2016-12-31 0.01
2016-09-30 -0.20
2016-06-30 -0.29
2016-03-31 -0.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BP is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BP has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BP. Past Performance

  How has BP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BP's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BP's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • BP's 1-year earnings growth exceeds its 5-year average (176.9% vs -10%)
  • BP's earnings growth has not exceeded the GB Oil and Gas industry average in the past year (176.9% vs 179.6%).
Earnings and Revenue History
BP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:BP. Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 297,220.00 9,382.00 12,666.00
2018-09-30 289,403.00 8,643.00 12,059.00
2018-06-30 269,955.00 7,063.00 11,913.00
2018-03-31 251,211.00 4,408.00 11,561.00
2017-12-31 238,433.00 3,388.00 11,205.00
2017-09-30 222,259.00 3,858.00 10,907.00
2017-06-30 209,525.00 3,709.00 10,950.00
2017-03-31 199,545.00 2,146.00 11,092.00
2016-12-31 182,325.00 114.00 11,132.00
2016-09-30 180,811.00 -3,691.00 11,628.00
2016-06-30 189,890.00 -5,265.00 11,713.00
2016-03-31 205,584.00 -9,669.00 12,040.00
2015-12-31 222,243.00 -6,484.00 12,383.00
2015-09-30 247,531.00 -7,584.00 11,303.00
2015-06-30 285,521.00 -6,340.00 11,607.00
2015-03-31 317,600.00 2,852.00 12,514.00
2014-12-31 351,195.00 3,778.00 13,183.00
2014-09-30 373,288.00 9,227.00 13,946.00
2014-06-30 375,985.00 11,441.00 14,785.00
2014-03-31 376,739.00 10,114.00 14,492.00
2013-12-31 379,631.00 23,449.00 13,822.00
2013-09-30 380,687.00 23,895.00 14,325.00
2013-06-30 376,088.00 25,672.00 14,335.00
2013-03-31 376,352.00 22,111.00 14,527.00
2012-12-31 375,765.00 11,015.00 14,653.00
2012-09-30 375,296.00 17,212.00 15,727.00
2012-06-30 378,677.00 16,974.00 15,406.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BP used its assets less efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • BP has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BP has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BP. Health

 How is BP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BP's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BP Company Filings, last reported 3 months ago.

LSE:BP. Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 101,548.00 80,445.00 22,690.00
2018-09-30 103,420.00 64,135.00 26,292.00
2018-06-30 101,770.00 60,358.00 22,291.00
2018-03-31 102,165.00 62,189.00 22,356.00
2017-12-31 100,404.00 77,878.00 25,711.00
2017-09-30 100,138.00 65,784.00 25,864.00
2017-06-30 98,461.00 63,004.00 23,347.00
2017-03-31 99,282.00 61,832.00 23,833.00
2016-12-31 96,843.00 58,687.00 23,528.00
2016-09-30 92,797.00 58,997.00 25,566.00
2016-06-30 94,108.00 55,727.00 23,624.00
2016-03-31 97,289.00 54,012.00 23,197.00
2015-12-31 98,387.00 53,372.00 26,608.00
2015-09-30 102,599.00 57,405.00 31,946.00
2015-06-30 107,351.00 57,104.00 32,883.00
2015-03-31 111,509.00 57,731.00 32,743.00
2014-12-31 112,642.00 52,854.00 30,092.00
2014-09-30 126,894.00 53,610.00 31,025.00
2014-06-30 132,978.00 52,906.00 27,882.00
2014-03-31 130,200.00 53,249.00 27,786.00
2013-12-31 130,407.00 48,396.00 22,987.00
2013-09-30 131,251.00 50,284.00 30,035.00
2013-06-30 130,133.00 46,990.00 29,025.00
2013-03-31 131,085.00 46,425.00 28,275.00
2012-12-31 119,752.00 48,800.00 19,954.00
2012-09-30 118,773.00 49,077.00 16,359.00
2012-06-30 113,323.00 47,662.00 15,185.00
  • BP's level of debt (79.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.2% vs 79.2% today).
  • Debt is well covered by operating cash flow (28.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.1x coverage).
X
Financial health checks
We assess BP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BP has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BP. Dividends

 What is BP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.56%
Current annual income from BP dividends. Estimated to be 5.65% next year.
If you bought £2,000 of BP shares you are expected to receive £111 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BP's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • BP's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:BP. Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:BP. Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.41 3.00
2022-12-31 0.41 3.00
2021-12-31 0.43 16.00
2020-12-31 0.42 20.00
2019-12-31 0.41 20.00
LSE:BP. Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-05 0.410 5.688
2018-12-10 0.410 6.253
2018-07-27 0.410 5.769
2018-06-11 0.400 5.293
2018-03-29 0.400 5.375
2018-02-06 0.400 6.064
2017-12-11 0.400 5.684
2017-08-01 0.400 6.373
2017-05-18 0.400 6.783
2017-02-23 0.400 6.950
2016-12-06 0.400 6.651
2016-09-06 0.400 6.957
2016-04-26 0.400 7.239
2016-02-02 0.400 8.023
2015-10-27 0.400 7.471
2015-08-13 0.400 7.313
2015-06-08 0.400 6.160
2015-03-03 0.400 5.826
2015-02-03 0.400 5.806
2014-10-28 0.400 6.131
2014-09-09 0.390 5.396
2014-04-29 0.390 4.667
2014-02-06 0.380 4.700
2013-10-29 0.380 4.827
2013-07-30 0.360 5.130
2013-04-30 0.360 5.065
2013-02-05 0.360 5.219
2012-10-30 0.360 5.100
2012-07-31 0.320 4.549
2012-05-01 0.320 4.875
2012-02-07 0.320 4.254
2011-10-25 0.280 3.885
2011-07-26 0.280 4.323
2011-04-27 0.280 3.817
2011-02-01 0.280 3.639
2010-11-02 0.000 0.000
2010-09-30 0.000 0.000
2010-07-28 0.000 0.000
2010-07-27 0.000 0.000
2010-06-21 0.000 0.000
2010-03-05 0.560 7.053
2010-02-02 0.560 6.247
2009-10-29 0.560 5.777
2009-10-27 0.560 5.816
2009-07-28 0.560 6.393
2009-04-28 0.560 7.035

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of BP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess BP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BP has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BP. Management

 What is the CEO of BP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Dudley
COMPENSATION $13,442,000
AGE 63
TENURE AS CEO 8.5 years
CEO Bio

Mr. Robert Warren Dudley, also known as Bob, has been the Group Chief Executive Officer/Managing Director of BP p.l.c. since October 1, 2010 and has been its Executive Director since April 6, 2009. Mr. Dudley has been Managing Director and President of BP Group since 2009. He served as the Group Chief Executive Officer of BP Norge AS since October 1, 2010. Mr. Dudley served as the Executive Vice President and Managing Director of BP p.l.c. and served as its Head of Disaster Management Unit since June 2010. He served as Chief Executive Officer and President of Rosneft Limited. Mr. Dudley served as the President and Chief Executive Officer of Open Joint Stock Company RN Holding (formerly, Tnk-Bp Management Public Joint Stock Company) until May 2008 and December 1, 2008 respectively and also served as its Chairman of the Management Board. He served as Head of Open Joint Stock Company RN Holding from 2003 to 2008. Mr. Dudley joined Amoco Corporation in 1979, for whom he worked until its merger with BP in 1998. He served as Senior Vice President of BOK Financial Corporation since November 2008. In his early career he served a variety of engineering and commercial posts in the US and UK. Since 1987, he worked on the negotiation and development of projects in the South China Sea, following which he was involved in the restructuring of oil and gas research and development activities in the US. From 1994 to 1997, he was based in Moscow working on corporate development for both upstream and downstream businesses in Russia. Since 1997, Mr. Dudley served as General Manager for strategy for Amoco and following the Amoco merger was appointed to a similar role in BP in 1999. From 1999 to 2000, he served as Executive Assistant to the Group Chief Executive Officer, following which he served as Group Vice President for BP’s renewables and alternative energy activities, with responsibilities for BP’s global solar business and wind and hydrogen activities. He then took up the role of Group Vice President responsible for BP’s upstream businesses in Russia, the Caspian Region, Angola, Algeria and Egypt. In 2003, following the formation of TNK-BP – a joint venture between BP and Russian partners. Mr. Dudley has been a Director of ROSNEFT Oil Company, PJSC since June 20, 2013. He served as a Director of BP Norge AS since April 6, 2009. He serves as a Member of the Supervisory Board of the Russian Geographical Society NGO. He is a Member of Tsinghua Management University Advisory Board, Beijing, China; British American Business International Advisory Board; UAE/UK CEO Forum and Turkish/British CEO Forum. He serves as a Member of the Board of Fellows of the Thunderbird School of Global Management and a member of the Society of Petroleum Engineers. Mr. Dudley received BS Degree in Chemical Engineering from University of Illinois, USA in 1977, MIM from Thunderbird School of Global Management (USA) in 1979 and an MBA from SMU (USA) 1979.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the BP management team in years:

7.3
Average Tenure
57
Average Age
  • The average tenure for the BP management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Dudley

TITLE
Group CEO & Executive Director
COMPENSATION
$13M
AGE
63
TENURE
8.5 yrs

Brian Gilvary

TITLE
Group CFO & Executive Director
COMPENSATION
$6M
AGE
56
TENURE
7.3 yrs

David Eyton

TITLE
Group Head of Technology
AGE
57

Angela R. Strank

TITLE
Chief Scientist & Head of Technology - Downstream
AGE
65
TENURE
4.9 yrs

Craig Marshall

TITLE
Group Head of Investor Relations

Eric Nitcher

TITLE
Group General Counsel
AGE
55
TENURE
2.3 yrs

Rahul Saxena

TITLE
Group Ethics & Compliance Officer

Geoff Morrell

TITLE
Group Head of Communications & External Affairs
AGE
49
TENURE
1.7 yrs

Helmut Schuster

TITLE
Executive Vice President of Group Human Resources & Group HR Director
AGE
57
TENURE
8.1 yrs

Steve Marshall

TITLE
Head of Training Academy and Vice President
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the BP board of directors in years:

6
Average Tenure
64
Average Age
  • The tenure for the BP board of directors is about average.
Board of Directors

Helge Lund

TITLE
Chairman of the Board
AGE
56
TENURE
0.3 yrs

Bob Dudley

TITLE
Group CEO & Executive Director
COMPENSATION
$13M
AGE
63
TENURE
10 yrs

Brian Gilvary

TITLE
Group CFO & Executive Director
COMPENSATION
$6M
AGE
56
TENURE
7.3 yrs

Brendan Nelson

TITLE
Independent Non-Executive Director
COMPENSATION
$152K
AGE
68
TENURE
8.4 yrs

Alan Boeckmann

TITLE
Independent Non-Executive Director
COMPENSATION
$176K
AGE
69
TENURE
4.8 yrs

Paula G. Reynolds

TITLE
Independent Non-Executive Director
COMPENSATION
$148K
AGE
61
TENURE
3.9 yrs

Ian Edward Davis

TITLE
Senior Independent Director
COMPENSATION
$155K
AGE
67
TENURE
1.9 yrs

Skip Bowman

TITLE
Independent Non-Executive Director
COMPENSATION
$170K
AGE
73
TENURE
8.4 yrs

Ann Dowling

TITLE
Independent Non Executive Director
COMPENSATION
$150K
AGE
65
TENURE
7.2 yrs

John Sawers

TITLE
Independent Non-Executive Director
COMPENSATION
$150K
AGE
62
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • BP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
06. Feb 19 Sell Bernard Looney Individual 05. Feb 19 05. Feb 19 -1,092,208 £5.41 £-5,905,896
05. Dec 18 Sell Brian Gilvary Individual 04. Dec 18 04. Dec 18 -107,256 £5.35 £-573,880
X
Management checks
We assess BP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BP. News

Simply Wall St News

Should You Be Worried About BP p.l.c.'s (LON:BP.) 9.4% Return On Equity?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.094 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

BP p.l.c. (LON:BP.): Poised For Long-Term Success?

The most recent earnings release BP p.l.c.'s (LON:BP.) announced in December 2018a … indicated … company

Simply Wall St -

What Should We Expect From BP p.l.c.'s (LON:BP.) Earnings In The Year Ahead?

(LON:BP.) released its earnings announcement on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … with earnings expected to grow by 18% in the upcoming year

Simply Wall St -

Is BP p.l.c.'s (LON:BP.) Balance Sheet A Threat To Its Future?

the key to their continued success lies in its financial health. … Let’s take a look at BP’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Have Investors Priced In BP p.l.c.'s (LON:BP.) Growth?

(LON:BP.) closed yesterday at £5.476, which left some investors asking whether the high earnings potential can still be justified at this price. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … According to the analysts covering the company, the following few years should bring about good growth prospects for BP

Simply Wall St -

Are Insiders Selling BP p.l.c. (LON:BP.) Stock?

That means that an insider was selling shares at around the current price of UK£5.41. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price. … It's not ideal to see that insiders have sold at around the current price

Simply Wall St -

Did You Miss BP's 53% Share Price Gain?

(LON:BP.) shareholders have seen the share price rise 53% over three years, well in excess of the market return (34%). … To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Is BP p.l.c. (LON:BP.) A Smart Pick For Income Investors?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The company is currently worth UK£110b, and now yields roughly 5.9%.

Simply Wall St -

What Can We Make Of BP p.l.c.’s (LON:BP.) High Return On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

How Should Investors Feel About BP p.l.c.'s (LON:BP.) CEO Pay?

First, this article will compare CEO compensation with compensation at other large companies. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Bob Dudley's Compensation Compare With Similar Sized Companies?

Simply Wall St -

BP. Company Info

Description

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as in NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers gasoline, diesel, and aviation fuel; lubricants, and related products and services to the automotive, industrial, marine, and energy markets under the Castrol, BP, and Aral brands; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. The Rosneft segment engages in the exploration and production of hydrocarbons, as well as jet fuel, bunkering, bitumen, and lubricants activities. This segment also owns and operates 13 refineries in Russia; and approximately 2,960 retail service stations in Russia and internationally. The company also produces ethanol, bio-isobutanol, bio-power, and solar energy; transports hydrocarbon products through time-chartered and spot-chartered vessels; and holds interests in onshore wind sites. BP p.l.c. was founded in 1889 and is headquartered in London, the United Kingdom.

Details
Name: BP p.l.c.
BP.
Exchange: LSE
Founded: 1889
£115,093,454,581
20,184,751,768
Website: http://www.bp.com
Address: BP p.l.c.
1 St James's Square,
London,
Greater London, SW1Y 4PD,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BP. Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK BPAQ.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB BPE5 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA BPE5 Ordinary Shares XETRA Trading Platform DE EUR 02. Jan 1992
SWX BP Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE BPL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
NYSE BP ADR(CNV INTO 6 ORD USD0.25 SHS) New York Stock Exchange US USD 02. Jan 1968
DB BPE ORD USD0.25 REGD(DT ZERT) Deutsche Boerse AG DE EUR 02. Jan 1992
LSE BP.A 8% CUM 1ST PRF GBP1 London Stock Exchange GB GBP 02. Jan 1992
LSE BP.B 9% CUM 2ND PRF GBP1 London Stock Exchange GB GBP 02. Jan 1992
XTRA BPE ORD USD0.25 REGD(DT ZERT) XETRA Trading Platform DE EUR 02. Jan 1992
BST BSU ADR(CNV INTO 6 ORD USD0.25 SHS) Boerse-Stuttgart DE EUR 02. Jan 1968
LSE 0HKP ADR(CNV INTO 6 ORD USD0.25 SHS) London Stock Exchange GB USD 02. Jan 1968
LSE 0M5M ORD USD0.25 REGD(DT ZERT) London Stock Exchange GB EUR 02. Jan 1992
BMV BP N ADR(CNV INTO 6 ORD USD0.25 SHS) Bolsa Mexicana de Valores MX MXN 02. Jan 1968
Number of employees
Current staff
Staff numbers
69,600
BP employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:35
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.