BP
BP NYSE Integrated Oil & Gas Financials FY2016βFY2025
BP's revenue fell 1.1% to $192.5 billion in fiscal 2025. Its operating margin was 6.6%, up from 5.8% a year earlier. Free cash flow was $11.3 billion, down 6.1%. It paid out $9.5 billion in dividends and buybacks, 85% of free cash flow.
Last close Β· Oct 23, 2026
$51.32
οΏ½οΏ½
Revenue
Total sales reported in the income statement.
$192.5B
1.1%
vs prior year
Operating margin
Operating income as a share of revenue.
6.6%
0.8 pts
Net income
Profit after all expenses, interest and tax.
$55.0M
85.6%
Free cash flow
Cash from operations minus capital spending.
$11.3B
6.1%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
6.5%
1.0 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
β
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
About these figures. BP is a foreign company: it files an annual report on Form 20-F, prepared under international accounting standards (IFRS), instead of a 10-K, and no quarterly reports, so this page has fiscal years only. Its shares trade in the US as American depositary shares (ADSs), and one ADS can stand for several ordinary shares, so per-share figures are per ordinary share and the page has no market value, P/E or valuation model.
What BP does
No business description yet.
- Legal name
- BP PLC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- β
- Accession Β· CIK
- 0000313807-26-000006
0000313807
Revenue and margins
BP had $192.5B of revenue in fiscal 2025, down 1.1% on the year before.
FY16
Revenue $186.6B
FY17
Revenue $244.6B
FY18
Revenue $303.7B
FY19
Revenue $163.5B
FY20
Revenue $109.1B
FY21
Revenue $164.2B
FY22
Revenue $248.9B
FY23
Revenue $213.0B
FY24
Revenue $194.6B
FY25
Revenue $192.5B
FY16
Gross β
Operating β0.2%
Net 0.1%
FCF β3.2%
FY17
Gross β
Operating 3.9%
Net 1.4%
FCF 1.0%
FY18
Gross β
Operating 6.4%
Net 3.1%
FCF 2.0%
FY19
Gross β
Operating 7.2%
Net 2.5%
FCF 6.3%
FY20
Gross β
Operating β19.9%
Net β18.6%
FCF β0.1%
FY21
Gross β
Operating 11.0%
Net 4.6%
FCF 7.8%
FY22
Gross β
Operating 7.3%
Net β1.0%
FCF 11.6%
FY23
Gross β
Operating 12.8%
Net 7.2%
FCF 8.3%
FY24
Gross β
Operating 5.8%
Net 0.2%
FCF 6.2%
FY25
Gross β
Operating 6.6%
Net 0.0%
FCF 5.9%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income $115M
FY17
Net income $3.4B
FY18
Net income $9.4B
FY19
Net income $4.0B
FY20
Net income β$20.3B
FY21
Net income $7.6B
FY22
Net income β$2.5B
FY23
Net income $15.2B
FY24
Net income $381M
FY25
Net income $55.0M
FY16
Diluted EPS β
FY17
Diluted EPS β
FY18
Diluted EPS β
FY19
Diluted EPS β
FY20
Diluted EPS β
FY21
Diluted EPS β
FY22
Diluted EPS β
FY23
Diluted EPS β
FY24
Diluted EPS β
FY25
Diluted EPS β
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital β
Return on equity β
Return on assets β
FY17
Return on capital 3.5%
Return on equity 3.5%
Return on assets 1.3%
FY18
Return on capital 7.9%
Return on equity 9.5%
Return on assets 3.4%
FY19
Return on capital 4.2%
Return on equity 4.1%
Return on assets 1.4%
FY20
Return on capital β12.6%
Return on equity β23.9%
Return on assets β7.2%
FY21
Return on capital 8.1%
Return on equity 10.3%
Return on assets 2.7%
FY22
Return on capital 8.1%
Return on equity β3.5%
Return on assets β0.9%
FY23
Return on capital 17.8%
Return on equity 22.1%
Return on assets 5.4%
FY24
Return on capital 5.6%
Return on equity 0.6%
Return on assets 0.1%
FY25
Return on capital 6.5%
Return on equity 0.1%
Return on assets 0.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $11.3B in fiscal 2025, 5.9% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow β$6.0B
FY17
Free cash flow $2.4B
FY18
Free cash flow $6.2B
FY19
Free cash flow $10.4B
FY20
Free cash flow β$144M
FY21
Free cash flow $12.7B
FY22
Free cash flow $28.9B
FY23
Free cash flow $17.8B
FY24
Free cash flow $12.0B
FY25
Free cash flow $11.3B
FY16
Cash from operations $10.7B
Capital spending $16.7B
FY17
Cash from operations $18.9B
Capital spending $16.6B
FY18
Cash from operations $22.9B
Capital spending $16.7B
FY19
Cash from operations $25.8B
Capital spending $15.4B
FY20
Cash from operations $12.2B
Capital spending $12.3B
FY21
Cash from operations $23.6B
Capital spending $10.9B
FY22
Cash from operations $40.9B
Capital spending $12.1B
FY23
Cash from operations $32.0B
Capital spending $14.3B
FY24
Cash from operations $27.3B
Capital spending $15.3B
FY25
Cash from operations $24.5B
Capital spending $13.2B
Cash from operations
Capital spending
Dividends, buybacks and share count
BP returned $9.5B to shareholders in fiscal 2025, 85% of free cash flow. The diluted share count rose 0.0%.
FY16
Dividends $4.6B
Buybacks $0.0M
FY17
Dividends $6.2B
Buybacks $343M
FY18
Dividends $6.7B
Buybacks $355M
FY19
Dividends $6.9B
Buybacks $1.5B
FY20
Dividends $6.3B
Buybacks $776M
FY21
Dividends $4.3B
Buybacks $3.2B
FY22
Dividends $4.4B
Buybacks $10.0B
FY23
Dividends $4.8B
Buybacks $7.9B
FY24
Dividends $5.0B
Buybacks $7.1B
FY25
Dividends $5.1B
Buybacks $4.5B
Dividends
Buybacks
FY16
Diluted shares β
FY17
Diluted shares β
FY18
Diluted shares β
FY19
Diluted shares β
FY20
Diluted shares β
FY21
Diluted shares β
FY22
Diluted shares β
FY23
Diluted shares β
FY24
Diluted shares β
FY25
Diluted shares β
Balance sheet
Cash, debt and the ratios that show how comfortably BP can carry it.
FY16
Cash $23.5B
Debt $58.3B
FY17
Cash $25.6B
Debt $63.2B
FY18
Cash $22.5B
Debt $65.1B
FY19
Cash $22.5B
Debt $67.7B
FY20
Cash $31.1B
Debt $72.7B
FY21
Cash $30.7B
Debt $61.2B
FY22
Cash $29.2B
Debt $46.9B
FY23
Cash $33.0B
Debt $52.0B
FY24
Cash $39.2B
Debt $59.5B
FY25
Cash $36.6B
Debt $58.0B
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $30.7B | $29.2B | $33.0B | $39.2B | $36.6B |
| Debt incl. finance leases | $61.2B | $46.9B | $52.0B | $59.5B | $58.0B |
| Net debt / EBITDA | 0.9x | 0.6x | 0.4x | 0.7x | 0.7x |
| Debt / equity | 0.8x | 0.7x | 0.7x | 1.0x | 1.1x |
| Interest coverage | 6.3x | 6.7x | 7.1x | 2.4x | 2.5x |
| Current ratio | 1.2x | 1.1x | 1.2x | 1.3x | 1.3x |
| Quick ratio | 0.9x | 0.8x | 0.9x | 1.0x | 1.0x |
| Total assets | $287.3B | $288.1B | $280.3B | $282.2B | $278.5B |
| Total liabilities | $196.8B | $205.1B | $194.8B | $203.9B | $204.5B |
| Shareholders' equity | $75.5B | $67.6B | $70.3B | $59.2B | $53.1B |
| Net debt (β = net cash) | $30.5B | $17.7B | $18.9B | $20.3B | $21.4B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 9 | β / 9 | β / 9 |
| Accruals ratio | β5.9% | β9.6% | β8.7% |
| Altman Z'' | β | β | β |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| BP BP | β | β1.1% | 6.6% | 5.9% | 6.5% | β | β | |
| Chevron CVX | $460.6B | β6.8% | β | 8.8% | 6.7% | 22.4x | 5 | Compare β |
| TotalEnergies TTE | β | β6.2% | β | β | 10.1% | β | β | Compare β |
| Shell SHEL | $643.5B | β6.1% | β | β | 9.6% | β | 5 | Compare β |
| ExxonMobil XOM | $764.7B | β5.0% | β | 7.1% | 10.3% | 23.6x | 4 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $186.6B | $244.6B | $303.7B | $163.5B | $109.1B | $164.2B | $248.9B | $213.0B | $194.6B | $192.5B |
| Research and development | $400M | $391M | $429M | $364M | $332M | $266M | $274M | $298M | $301M | $274M |
| Operating income | β$430M | $9.5B | $19.4B | $11.7B | β$21.7B | $18.1B | $18.0B | $27.3B | $11.3B | $12.6B |
| Interest expense | $1.2B | $1.7B | $2.2B | $3.5B | $3.1B | $2.9B | $2.7B | $3.8B | $4.7B | $5.1B |
| Pretax income | β$2.3B | $7.2B | $16.7B | $8.2B | β$24.9B | $15.2B | $15.4B | $23.7B | $6.8B | $7.7B |
| Income tax | β$2.5B | $3.7B | $7.1B | $4.0B | β$4.2B | $6.7B | $16.8B | $7.9B | $5.6B | $6.5B |
| Net income | $115M | $3.4B | $9.4B | $4.0B | β$20.3B | $7.6B | β$2.5B | $15.2B | $381M | $55.0M |
| Cash flow | ||||||||||
| Cash from operations | $10.7B | $18.9B | $22.9B | $25.8B | $12.2B | $23.6B | $40.9B | $32.0B | $27.3B | $24.5B |
| Capital expenditure | $16.7B | $16.6B | $16.7B | $15.4B | $12.3B | $10.9B | $12.1B | $14.3B | $15.3B | $13.2B |
| Free cash flow | β$6.0B | $2.4B | $6.2B | $10.4B | β$144M | $12.7B | $28.9B | $17.8B | $12.0B | $11.3B |
| Depreciation and amortization | $14.5B | $15.6B | $15.5B | $17.8B | $14.9B | $14.8B | $14.3B | $15.9B | $16.6B | $17.8B |
| Stock-based compensation | $779M | $661M | $690M | $730M | $723M | $627M | $795M | $616M | $1.2B | $1.1B |
| Acquisitions | $1.0M | $327M | $7.0B | $3.6B | $44.0M | $186M | $3.5B | $799M | $53.0M | $935M |
| Share buybacks | $0.0M | $343M | $355M | $1.5B | $776M | $3.2B | $10.0B | $7.9B | $7.1B | $4.5B |
| Dividends paid | $4.6B | $6.2B | $6.7B | $6.9B | $6.3B | $4.3B | $4.4B | $4.8B | $5.0B | $5.1B |
| Dividends and buybacks | $4.6B | $6.5B | $7.1B | $8.5B | $7.1B | $7.5B | $14.4B | $12.7B | $12.1B | $9.5B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $23.5B | $25.6B | $22.5B | $22.5B | $31.1B | $30.7B | $29.2B | $33.0B | $39.2B | $36.6B |
| Total debt | $58.3B | $63.2B | $65.1B | $67.7B | $72.7B | $61.2B | $46.9B | $52.0B | $59.5B | $58.0B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $67.8B | $75.0B | $71.3B | $82.1B | $73.0B | $92.6B | $107.7B | $104.1B | $102.8B | $101.8B |
| Current liabilities | $58.4B | $64.7B | $68.2B | $73.6B | $59.8B | $80.3B | $99.0B | $86.1B | $82.2B | $80.6B |
| Inventory | $17.7B | $19.0B | $18.0B | $20.9B | $16.9B | $23.7B | $28.1B | $22.8B | $23.2B | $22.5B |
| Property and equipment, net | $129.8B | $129.5B | $135.3B | $132.6B | $114.8B | $112.9B | $106.0B | $104.7B | $100.2B | $98.6B |
| Total assets | $263.3B | $276.5B | $282.2B | $295.2B | $267.7B | $287.3B | $288.1B | $280.3B | $282.2B | $278.5B |
| Total liabilities | $166.5B | $176.1B | $180.6B | $194.5B | $182.1B | $196.8B | $205.1B | $194.8B | $203.9B | $204.5B |
| Shareholders' equity | $95.3B | $98.5B | $99.4B | $98.4B | $71.3B | $75.5B | $67.6B | $70.3B | $59.2B | $53.1B |
| Margins | ||||||||||
| Operating margin | β0.2% | 3.9% | 6.4% | 7.2% | β19.9% | 11.0% | 7.3% | 12.8% | 5.8% | 6.6% |
| EBITDA margin | 7.5% | 10.3% | 11.5% | 18.0% | β6.3% | 20.0% | 13.0% | 20.3% | 14.3% | 15.8% |
| Net margin | 0.1% | 1.4% | 3.1% | 2.5% | β18.6% | 4.6% | β1.0% | 7.2% | 0.2% | 0.0% |
| FCF margin | β3.2% | 1.0% | 2.0% | 6.3% | β0.1% | 7.8% | 11.6% | 8.3% | 6.2% | 5.9% |
| Returns | ||||||||||
| Return on capital | β | 3.5% | 7.9% | 4.2% | β12.6% | 8.1% | 8.1% | 17.8% | 5.6% | 6.5% |
| Return on capital employed | β | 4.6% | 9.1% | 5.4% | β10.1% | 8.7% | 9.1% | 14.3% | 5.7% | 6.4% |
| Return on equity | β | 3.5% | 9.5% | 4.1% | β23.9% | 10.3% | β3.5% | 22.1% | 0.6% | 0.1% |
| Return on assets | β | 1.3% | 3.4% | 1.4% | β7.2% | 2.7% | β0.9% | 5.4% | 0.1% | 0.0% |
| Growth | ||||||||||
| Revenue growth | β17.4% | 31.1% | 24.2% | β46.2% | β33.3% | 50.5% | 51.6% | β14.4% | β8.6% | β1.1% |
| Net income growth | β | 2,847.0% | 176.9% | β57.1% | β604.4% | β | β132.9% | β | β97.5% | β85.6% |
| FCF growth | β1,339.2% | β | 160.3% | 67.9% | β101.4% | β | 126.8% | β38.5% | β32.4% | β6.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | 2.5x | 1.5x | 1.2x | 1.5x | β | 0.9x | 0.6x | 0.4x | 0.7x | 0.7x |
| Debt / equity | 0.6x | 0.6x | 0.7x | 0.7x | 1.0x | 0.8x | 0.7x | 0.7x | 1.0x | 1.1x |
| Interest coverage | β0.4x | 5.5x | 8.8x | 3.4x | β7.0x | 6.3x | 6.7x | 7.1x | 2.4x | 2.5x |
| Current ratio | 1.2x | 1.2x | 1.1x | 1.1x | 1.2x | 1.2x | 1.1x | 1.2x | 1.3x | 1.3x |
| Quick ratio | 0.9x | 0.9x | 0.8x | 0.8x | 0.9x | 0.9x | 0.8x | 0.9x | 1.0x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 9.0% | 6.8% | 5.5% | 9.4% | 11.3% | 6.6% | 4.9% | 6.7% | 7.9% | 6.9% |
| Stock comp / revenue | 0.4% | 0.3% | 0.2% | 0.5% | 0.7% | 0.4% | 0.3% | 0.3% | 0.6% | 0.6% |
| Payouts / FCF | β | 274.2% | 114.4% | 81.7% | β | 58.6% | 49.7% | 71.7% | 101.1% | 84.7% |
| Quality scores | ||||||||||
| Accruals ratio | β | β5.8% | β4.8% | β7.5% | β11.5% | β5.8% | β15.1% | β5.9% | β9.6% | β8.7% |
Source: SEC EDGAR XBRL filings (CIK 0000313807). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.