BP PLC
BP, BPAQF, BPPFF · Petroleum Refining · EDGAR filings ↗
Grade
C63A scaled integrated oil major whose massive asset base and cyclical downturn leave returns weak despite top-of-sector operating margins.
Strengths
- Largest cash/investment position in sector (100th pct) and best-in-sector operating margin (100th pct), reflecting scale and integration
- Resilient cash generation with OCF margin at 71st pct and ROIC ~7.6% (64th pct); modest net income growth (+5.4%, 79th pct)
Risks
- Weak shareholder returns — ROE just 1.75% (18th pct) and ROA 0.46% (40th pct), far below what a scaled franchise should earn
- Elevated leverage with debt/equity at the 90.9th pct and thin interest coverage (~2.5x), against declining revenue (-1%) in a cyclical commodity business
Notable findings
- Strong balance sheetStrong balance sheet — $36.6B cash & investments
Key metrics
Operating margin
6.6%
Net margin
0.7%
Return on equity
1.8%
Return on assets
0.5%
ROIC
7.6%
Revenue growth (QoQ)
-1.1%
Net-income growth
5.4%
Debt / equity
0.8×
Interest coverage
2.5×
Current ratio
1.3×
Tangible book value
$63.7B
Cash & investments
$36.6B
Supply chain
Customers (0)
Suppliers (2)
Named in the 10-K; linked when we track them.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-06 | 2025-12-31 | 0000313807-26-000006 ↗ |
| 20-F | 2025-03-06 | 2024-12-31 | 0000313807-25-000007 ↗ |
| 20-F | 2024-03-08 | 2023-12-31 | 0000313807-24-000008 ↗ |
| 20-F | 2023-03-10 | 2022-12-31 | 0000313807-23-000009 ↗ |
| 20-F | 2022-03-18 | 2021-12-31 | 0000313807-22-000012 ↗ |
| 20-F | 2021-03-22 | 2020-12-31 | 0001628280-21-005241 ↗ |
| 20-F | 2020-03-18 | 2019-12-31 | 0001628280-20-003753 ↗ |
| 20-F | 2019-03-29 | 2018-12-31 | 0001628280-19-003618 ↗ |
| 20-F | 2018-03-29 | 2017-12-31 | 0001628280-18-003778 ↗ |
| 20-F | 2017-04-06 | 2016-12-31 | 0001193125-17-112384 ↗ |
| 20-F | 2016-03-04 | 2015-12-31 | 0001193125-16-492156 ↗ |
| 20-F | 2015-03-03 | 2014-12-31 | 0001193125-15-074381 ↗ |