BP plc - ADR


Market Cap$100.81B

Compare BP plc - ADR

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
BP plc - ADRBP plc - ADR3.94.72%35%0.40.8
marketMarket Avg49.61.28%30%6.11.1
EnergyEnergy Avg9.23.76%21%1.70.7

Earnings Call Q4 2023

February 6, 2024 - AI Summary

BP reported strong operational and financial performance in Q4 2023, with adjusted EBITDA of $43.7 billion and operating cash flow of $32 billion.
The company achieved a net debt reduction to $20.9 billion, the lowest level in a decade, and maintained an average return on capital employed of 18.1%.
Upstream production grew by 2.6%, with four major projects starting up that are expected to contribute over 50% towards the target of 200 mboe/d by 2025.
BP's transition growth engines showed significant progress, including increased biofuels and biogas production, growth in convenience and EV charging businesses, and expansion of the hydrogen pipeline.
The company announced a dividend increase of 10% for ordinary shares and $1.75 billion of share buybacks, bringing the total buybacks announced from 2023 surplus cash flow to $6.5 billion.
BP provided updated guidance for the next two years, including a commitment to returning at least 80% of surplus cash flow to shareholders through share buybacks and tightening capital expenditure to around $16 billion per year. Overall, the earnings call highlighted BP's strong performance, focus on value creation, and commitment to shareholder returns through dividends and share buybacks. The company's transition growth engines are expected to drive future growth, while maintaining discipline in investment allocation and balance sheet strength.

Current Fair Value

25.7% upside

Undervalued by 25.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$100.81 Billion
Enterprise Value$129.64 Billion
Dividend Yield$1.6749 (4.72%)
Earnings per Share$8.59
Outstanding Shares2,840,604,222
Avg 30 Day Volume10,088,694


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

Valuation & Multiples

P/E Ratio3.93
Price to Sales0.45
Price to Book Ratio1.42
Enterprise Value to Revenue0.57
Enterprise Value to EBIT2.78
Enterprise Value to Net Income5
Total Debt to Enterprise0.46
Debt to Equity0.82

Revenue Sources

No data

ESG Score

No data

About BP plc

CEO: Robert Dudley