BP
BP Β· Integrated Oil & Gas
$51.32
οΏ½οΏ½Equinor
EQNR Β· Integrated Oil & Gas
$48.82
οΏ½οΏ½The short version
- BP is the larger business, with $192.5B of revenue in fiscal 2025 against $106.5B for Equinor, about 1.8 times as much.
- Equinor grew revenue faster (2.6%, against β1.1%).
- Equinor kept more of each dollar of sales as operating profit (23.8% operating margin, against 6.6% operating margin).
- Equinor earned a higher return on the capital invested in it (25.1%, against 6.5%).
| Latest fiscal year | BP Β· FY25 | EQNR Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | β | $127.0B |
| Revenue | $192.5B | $106.5B |
| Free cash flow | $11.3B | $6.0B |
| Net income | $55.0M | $5.0B |
| Growth | ||
| Revenue growth | β1.1% | 2.6% |
| 5-year growth | 12.0% | 18.4% |
| Share count change | β | β8.0% |
| Profitability | ||
| Gross margin | β | 48.2% |
| Operating margin | 6.6% | 23.8% |
| Net margin | 0.0% | 4.7% |
| FCF margin | 5.9% | 5.6% |
| Return on capital | 6.5% | 25.1% |
| Return on equity | 0.1% | 12.2% |
| Balance sheet | ||
| Net debt | $21.4B | $10.8B |
| Net debt / EBITDA | 0.7x | 0.3x |
| Dividends and buybacks | $9.5B | $6.2B |
| Valuation & quality | ||
| P/E | β | β |
| Piotroski F-score | β | β |
FY16
BP $186.6B
EQNR $45.9B
FY17
BP $244.6B
EQNR $61.2B
FY18
BP $303.7B
EQNR $79.6B
FY19
BP $163.5B
EQNR $64.4B
FY20
BP $109.1B
EQNR $45.8B
FY21
BP $164.2B
EQNR $90.9B
FY22
BP $248.9B
EQNR $150.8B
FY23
BP $213.0B
EQNR $107.2B
FY24
BP $194.6B
EQNR $103.8B
FY25
BP $192.5B
EQNR $106.5B
BP
EQNR
FY16
BP β0.2%
EQNR 0.2%
FY17
BP 3.9%
EQNR 22.5%
FY18
BP 6.4%
EQNR 25.3%
FY19
BP 7.2%
EQNR 14.5%
FY20
BP β19.9%
EQNR β7.5%
FY21
BP 11.0%
EQNR 37.0%
FY22
BP 7.3%
EQNR 52.3%
FY23
BP 12.8%
EQNR 33.4%
FY24
BP 5.8%
EQNR 29.8%
FY25
BP 6.6%
EQNR 23.8%
BP
EQNR
FY16
BP β$6.0B
EQNR β$3.4B
FY17
BP $2.4B
EQNR $4.0B
FY18
BP $6.2B
EQNR $8.3B
FY19
BP $10.4B
EQNR $3.5B
FY20
BP β$144M
EQNR $1.9B
FY21
BP $12.7B
EQNR $20.8B
FY22
BP $28.9B
EQNR $26.4B
FY23
BP $17.8B
EQNR $18.7B
FY24
BP $12.0B
EQNR $7.3B
FY25
BP $11.3B
EQNR $6.0B
BP
EQNR
FY16
BP β
EQNR β
FY17
BP 3.5%
EQNR 12.1%
FY18
BP 7.9%
EQNR 17.7%
FY19
BP 4.2%
EQNR 8.4%
FY20
BP β12.6%
EQNR β5.1%
FY21
BP 8.1%
EQNR 38.4%
FY22
BP 8.1%
EQNR 95.6%
FY23
BP 17.8%
EQNR 40.9%
FY24
BP 5.6%
EQNR 33.7%
FY25
BP 6.5%
EQNR 25.1%
BP
EQNR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.