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Last 395.45 GBp
Change Today -5.55 / -1.38%
Volume 34.3M
BP/ On Other Exchanges
Symbol
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As of 11:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

bp plc (BP/) Snapshot

Open
402.90 GBp
Previous Close
401.00 GBp
Day High
402.90 GBp
Day Low
392.40 GBp
52 Week High
09/12/14 - 494.90 GBp
52 Week Low
12/16/14 - 364.40 GBp
Market Cap
72.3B
Average Volume 10 Days
34.4M
EPS TTM
-0.35 GBp
Shares Outstanding
18.3B
EX-Date
08/6/15
P/E TM
--
Dividend
0.44 GBp
Dividend Yield
7.17%
Current Stock Chart for BP PLC (BP/)

bp plc (BP/) Details

BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas (LNG), and power and natural gas liquids (NGL). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and has an interest in 4 refineries in Germany. As of December 31, 2014, this segment owned and operated approximately 2,500 retail service stations in Russia. The company also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services; and holds interests in 16 operating wind farms with a generation capacity of 2,585 megawatts. BP p.l.c. was founded in 1889 and is headquartered in London, the United Kingdom.

79,200 Employees
Last Reported Date: 03/3/15
Founded in 1889

bp plc (BP/) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: $2.8M
Group Chief Financial Officer and Executive D...
Total Annual Compensation: 1.1M GBP
Compensation as of Fiscal Year 2014.

bp plc (BP/) Key Developments

BP p.l.c. Reports Unaudited Group Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Third Quarter of 2015 and Capital Expenditure Guidance for the Full Year of 2015

BP p.l.c. reported unaudited group earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating cash flow of $6.3 billion. This compares with $7.9 billion a year earlier. Capital expenditure in the quarter was $4.5 billion against $5.5 billion last year. Total revenues and other income was $61.8 billion against $95.8 billion last year. Loss before interest and taxation was $8.2 billion against profit before interest and taxation of $5.5 billion last year. Loss before taxation was $8.6 billion against profit before taxation of $5.1 billion last year. Loss attributable to BP shareholders was $5.8 billion or 31.83 cents per basic and diluted ordinary share and $1.91 per basic and diluted ADS against profit attributable to BP shareholders of $3.4 billion or 18.26 cents per basic ordinary share and 18.15 cents per diluted ordinary share and $1.10 per basic ADS and $1.09 per diluted ADS last year. Underlying replacement cost profit for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and gas prices, a reduced contribution from Rosneft, and one-off charges arising from circumstances in Libya, but also continuing strong earnings from BP's downstream businesses and lower cash costs throughout the group. BP oil spill payments cause $6.3 billion loss in second quarter London Payments linked to the 2010 Deepwater Horizon oil spill caused BP to record losses of $6.3 billion in the second quarter of this year. The company recorded multi-billion dollar losses in the second quarter due to payments linked to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Low oil prices also weighed on results. The loss was mainly relating to the recently announced agreements in principle to settle claims arising from the 2010 Deepwater Horizon accident. For the second quarter, the company had set aside $10.8 billion to cover the cost of the Deepwater Horizon accident, leading to a net loss of $5.8 billion compared to a net profit of $3.4 billion one year prior. For the first half of 2015, capital expenditure was $9.2 billion against $11.4 billion last year. Operating cash flow was $8.1 billion with $16.1 billion in the first half of 2014. Net debt at June 30, 2015 was $24.8 billion, compared with $24.4 billion at June 30, 2014. Loss was $3.1 billion against net profit of $7.1 billion last year. Total revenues and other income was $116.7 billion against $188.8 billion last year. Loss before interest and taxation was $5.6 billion against profit before interest and taxation of $11.1 billion last year. Loss before taxation was $6.3 billion against profit before taxation of $10.4 billion last year. Loss attributable to BP shareholders was $3.2 billion or 17.62 cents per basic and diluted ordinary share and $1.06 per basic and diluted ADS against profit attributable to BP shareholders of $6.9 billion or 37.35 cents per basic share and 37.11 cents per diluted ordinary share and $2.24 per basic ADS and $2.23 per diluted ADS last year. For the quarter, the company reported overall reported oil and gas production, including Russia, was 3.1 million barrels of oil equivalent a day (mmboe/d). Excluding Russia, reported production of 2.1 mmboe/d was approximately the same as second quarter of 2014 and underlying production was 1.7% lower, mainly due to increased turnaround activity, partly offset by the ramp-up of production from projects that started-up in 2014. For the first half, production was 2,209mboe/d, 4.3% higher than in the same period of 2014. First-half underlying production was 1.0% higher than in 2014. For the full year of 2015, the company’s organic capital expenditure is now expected to be below $20 billion. Excluding the one-off North Sea deferred tax benefit reported in the first quarter, the company continue to expect the full year effective tax rate to be lower than the full year 2014 figure of 36%. Looking ahead, the company expects third quarter of 2015 reported production to be broadly flat with the second quarter, primarily reflecting the continuation of seasonal maintenance activity consistent with the second-quarter activity levels.

BP p.l.c. Announces Dividend for the Second Quarter 2015, Payable on 18 September 2015

BP p.l.c. announced dividend of 10.00 cents per ordinary share for the second quarter 2015 which is expected to be paid on 18 September 2015 to shareholders and American Depositary Share (ADS) holders on the register on 7 August 2015. The corresponding amount in sterling is due to be announced on 8 September 2015, calculated based on the average of the market exchange rates for the four dealing days commencing on 2 September 2015. Holders of ADSs are expected to receive $0.600 per ADS (less applicable fees).

BP p.l.c., Q2 2015 Earnings Call, Jul 28, 2015

BP p.l.c., Q2 2015 Earnings Call, Jul 28, 2015

 

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Industry Analysis

BP/

Industry Average

Valuation BP/ Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.1x
Price/Cash Flow 9.3x
TEV/Sales 0.4x
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