BP plc - ADR

BP plc - ADR

BP

Market Cap$77.61B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
BP plc - ADRBP plc - ADR29.36.1%4%0.41

Earnings Call Q3 2024

October 29, 2024 - AI Summary

**Solid Operational Performance**: BP reported a 3% increase in upstream production year-to-date, with liquids production up by 5%. Plant reliability in upstream exceeded 95%, and refining availability was more than 96%. However, the downstream sector faced challenges, with refining margins significantly depressed, particularly in Europe, leading to losses.
**Profitability and Buybacks**: The company announced an underlying profit of $2.3 billion for the quarter and continued commitment to shareholder returns, with an additional $1.75 billion share buyback alongside the announced dividend of $0.08 per share. For 2024, BP aims for a total of $7 billion in share buybacks.
**Strategic Portfolio Adjustments**: BP has halted or paused 24 projects to high-grade its portfolio and focus on more competitive capital expenditures. The company is divesting non-core assets and has achieved over $25 billion in divestments since 2020, keeping pressure on cash flow amidst fluctuating oil prices.

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$49.88

Target Price by Analysts

70.6% upsideBP plc Target Price DetailsTarget Price
$47.76

Current Fair Value

63.4% upside

Undervalued by 63.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$77.61 Billion
Enterprise Value$104.92 Billion
Dividend Yield$1.92 (6.10126582278481%)
Earnings per Share$5.27
Beta0.49
Outstanding Shares2,720,224,833

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio29.33
PEG-30.63
Price to Sales0.41
Price to Book Ratio1.01
Enterprise Value to Revenue0.54
Enterprise Value to EBIT6.27
Enterprise Value to Net Income38
Total Debt to Enterprise0.59
Debt to Equity0.95

Revenue Sources

No data

Insider Trades

ESG Score

No data

About BP plc

CEO: Robert Dudley