BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. The company was founded in 1908 and is headquartered in London, the United Kingdom.

BP p.l.c.

Castrol

bp pulse

We believe the world wants and needs a better and more balanced energy system that delivers secure, affordable and lower-carbon energy.

We're playing our part by investing in today's energy system, which is mainly oil and gas – and, not or – in our transition and the energy transition.

And while we’re mostly in oil and gas today, we’ve increased global investment in our lower carbon, convenience stores and power trading businesses (what we call our ‘transition growth engines’) from around 3% in 2019 to around 30% in 2022.

Increasing investment in these engines is a sign that bp’s wider transformation is underway.

Check out our commenting guidelines 👉 bp.com/CommentsGuide

Verenium

Liquid Light

Altra Energy Technologies

Breathing Buildings

GMZ Energy

Asera

ChemConnect

Green Mountain Energy

Our integrated energy company strategy delivered again in 2023: more energy for today and growing businesses in bioenergy, EV charging, convenience and more. All while we work to simplify, focus & grow the value of bp. Full details: on.bp.com/3vSOoYb

Did you know we aim to install more than 100,000 public #EV charging points globally by 2030? 

Our newly opened Gigahub™ at the heart of the UK in Birmingham can charge up to 180 cars at a time – a mix of ultra-fast and rapid chargers – making it the UK’s largest. 📍🚗🔌 

Today, we’re mostly still in oil & gas. But bp pulse team members like Mohammed are helping to bring more public electric chargers online to give people the confidence to go electric. 

Learn more ⚡ on.bp.com/42tUhqV

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While we’re mostly in oil & gas today, we’ve increased global investment into our lower carbon businesses, convenience stores and power trading from around 3% in 2019 to around 30% in 2022.

Everybody's talking about #AI! We're working to leverage its potential across our business responsibly. 🤖💻🌐
 
On Argos in the Gulf of Mexico, our teams have created a digital twin – a virtual copy of the platform – and by using AI, they can monitor corrosion, reducing manual inspections by 70%.
 
Read this interview with our head of innovation & engineering, Leigh-Ann, on why she's excited by the potential of AI and how else we're already using it: on.bp.com/49zAIRj

📣We are acquiring GETEC Energie GmbH, a leading independent energy supplier to commercial and industrial (C&I) customers in Germany. The deal, which is subject to regulatory approval, will:  
⚡Expand our integrated energy offering to C&I customers in Germany and ultimately Europe. 
🚀Boost our capabilities both in established and developing energy markets.  
🔌 Bring new opportunities across energy value chains - providing secure, affordable and increasingly lower carbon energy solutions.

Murray Auchincloss has been appointed our chief executive officer with immediate effect, following a robust and competitive global search process.
 
Helge Lund, chair of bp said: “Many already know Murray well, and few know bp better than he does. His assured leadership, focus on performance and delivery, and deep understanding of the opportunities and challenges in the energy transition will serve bp well as we continue our disciplined transformation to an integrated energy company.”
 
Murray said: “It’s an honour to lead bp – this is a great company with great people. Our strategy – from international oil company to integrated energy company does not change. I’m convinced about the significant value we can create.”

https://lnkd.in/eZ3x74da

💌 Ready to commit to a great role? 

Our apprenticeship programmes are closing soon! We’re looking for people with passion, ambition and a desire to learn. Because while your A levels matter, so does what’s behind your bio. 

Hear from our current apprentices about what life is really like at bp, then discover your own perfect match.  

Find out more and apply today 👉 https://lnkd.in/dAcuU5u

Meet Sakhe, an early careers graduate and HR generalist at bp in South Africa. 👋

In her own words, she has been with bp for exactly “three years, nine months and 23 days.” 😉

Sakhe was drawn initially to bp due to its size and scale. “I felt the early careers program could assist me in gaining the skills and exposure to be a great HR professional,” she says. “I was also attracted to the values and company culture.” 💛💚

Since joining, Sakhe’s been slowly moving out of her comfort zone. “I was very shy and afraid of public speaking at first,” she admits. “But I am more confident now thanks to managers helping me gain experience presenting to increasingly large teams!” 📣

So what are her career ambitions? “I am happy being a generalist, but the next milestone is to gain managerial experience through direct reports, so I can eventually become a people leader,” she says. 🧑💼

Why should students and recent graduates consider bp? “The culture of the business promotes care for others, and I believe most people want to be in an environment where they feel cared for,” she says. 🙏

“Another reason is you know you will not be judged based on how you look or what you believe in or who you love,” she adds. “People can come exactly as they are and stay true to themselves.”🏳️🌈

If you want to start a career with purpose in a company that promotes collective wellbeing, check out our global careers website 👉 https://on.bp.com/3RRaIsK

Our year wrapped! 💚🎁
 
Over the past 12 months, our teams have been working hard to supply the #Energy the world wants and needs today - which is mostly oil & gas - and to develop lower carbon energy for the future.
 
Fully focused on safely delivering our strategy, we’ve taken big and small steps towards achieving our aims.
 
Take a look back at the progress we’ve made over the year across our businesses and around the world 👉on.bp.com/480K9Yr

Our Gelsenkirchen refinery in Germany has successfully completed its turnaround 🏭 

All systems at the Horst refinery site were shut down to undergo thorough testing, with over 10,500 components reviewed ✅

Since 1929, the Gelsenkirchen refinery has been providing mobility and heat and producing petrochemical raw materials for everyday products.

Trwa Weekend Cudów, czyli doroczny finał SZLACHETNA PACZKA. Dziękuję wszystkim pracownikom bp za zaangażowanie w tą inicjatywę, w tym promowanie Szlachetnej Kawy na stacjach - każdy kubek to 1 złotówka przekazana na SZLACHETNA PACZKA. Dziękuję również naszym klientom, przyjaciołom i partnerom za ich zaangażowanie - razem pomnażamy dobro. ☕️♥️

https://lnkd.in/d9udnPFt

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	379.14B -	353.57B 6.74%	222.89B 36.96%	183.01B 17.89%	240.21B 31.26%	298.76B 24.37%	278.40B 6.81%	105.94B 61.94%	157.74B 48.89%	241.39B 53.03%	210.13B 12.95%
cost of revenue	346.44B -	327.40B 5.49%	218.09B 33.39%	176.48B 19.08%	221.30B 25.40%	269.88B 21.95%	250.81B 7.06%	95.76B 61.82%	134.88B 40.85%	186.30B 38.12%	163.53B 12.22%
gross profit	32.70B -	26.16B 19.99%	4.81B 81.62%	6.52B 35.66%	18.90B 189.76%	28.88B 52.77%	27.58B 4.49%	10.18B 63.08%	22.86B 124.47%	55.10B 141.01%	46.60B 15.42%
selling and marketing expenses	13.07B -	12.70B 2.86%	11.55B 9.00%	10.49B 9.16%	10.51B 0.12%	12.18B 15.90%	11.06B 9.21%	10.40B 5.97%	11.93B 14.75%		-421M -
general and administrative expenses	13.07B -	12.70B 2.86%	11.55B 9.00%	10.49B 9.16%	10.51B 0.12%	12.18B 15.90%	11.06B 9.21%	10.40B 5.97%	11.93B 14.75%	13.45B 12.72%	16.77B 24.71%
selling general and administrative expenses	13.07B -	12.70B 2.86%	11.55B 9.00%	10.49B 9.16%	10.51B 0.12%	12.18B 15.90%	11.06B 9.21%	10.40B 5.97%	11.93B 14.75%	13.45B 12.72%	16.35B 21.58%
research and development expenses							364M -	332M 8.79%	266M 19.88%	274M 3.01%	298M 8.76%
other expenses	-12.34B -	-12.09B 1.99%	-11.03B 8.80%	-10.05B 8.89%	-10.03B 0.17%	-11.82B 17.82%	964M 108.16%	360M 62.66%	424M 17.78%	585M 37.97%
cost and expenses	362.95B -	343.73B 5.29%	231.99B 32.51%	188.70B 18.66%	233.89B 23.95%	283.50B 21.21%	262.83B 7.29%	106.52B 59.47%	147.23B 38.23%	200.33B 36.06%	180.18B 10.06%
operating expenses	16.51B -	16.33B 1.11%	13.91B 14.83%	12.22B 12.15%	12.59B 3.05%	13.62B 8.23%	12.02B 11.77%	10.76B 10.51%	12.36B 14.86%	14.03B 13.59%	16.65B 18.63%
interest expense	1.07B -	1.15B 7.49%	1.35B 17.33%	1.68B 24.35%	2.07B 23.82%	2.53B 21.89%	3.49B 38.01%	3.12B 10.72%	2.86B 8.28%	2.70B 5.39%	3.44B 27.38%
ebitda	35.90B -	31.93B 11.05%	10.07B 68.47%	12.36B 22.81%	26.45B 113.92%	36.20B 36.87%	37.94B 4.80%	14.54B 61.66%	30.06B 106.69%	59.47B 97.83%	46.35B 22.05%
operating income	18.90B -	12.87B 31.93%	-7.27B 156.49%	-4.42B 39.21%	7.92B 279.24%	16.34B 106.35%	19.52B 19.48%	-346M 101.77%	15.09B 4,460.40%	44.76B 196.71%	29.95B 33.09%
depreciation and amortization	16.22B -	18.19B 12.16%	17.05B 6.29%	15.78B 7.44%	17.19B 8.92%	16.54B 3.75%	18.41B 11.30%	14.89B 19.13%	14.97B 0.56%	14.70B 1.80%	16.40B 11.55%
total other income expenses net	11.32B -	-7.92B 169.92%	-2.30B 70.91%	2.12B 192.18%	-739M 134.81%	382M 151.69%	-11.37B 3,076.70%	-24.54B 115.83%	140M 100.57%	-29.36B 21,070.71%	-7.10B 75.81%
income before tax	30.22B -	4.95B 83.62%	-9.57B 293.35%	-2.29B 76.02%	7.18B 412.85%	16.72B 132.91%	8.15B 51.24%	-24.89B 405.22%	15.23B 161.18%	15.40B 1.17%	22.85B 48.33%
income tax expense	6.46B -	947M 85.35%	-3.17B 434.85%	-2.47B 22.20%	3.71B 250.47%	7.14B 92.48%	3.96B 44.52%	-4.16B 204.92%	6.74B 262.06%	16.76B 148.69%	7.87B 53.05%
net income	23.45B -	3.78B 83.88%	-6.48B 271.48%	115M 101.77%	3.39B 2,846.96%	9.38B 176.87%	4.03B 57.09%	-20.73B 614.88%	7.57B 136.49%	-1.36B 117.94%	15.24B 1,222.99%
weighted average shs out	3.16B -	3.08B 2.29%	3.05B 0.94%	3.12B 2.30%	3.28B 5.06%	3.33B 1.41%	3.38B 1.58%	3.37B 0.31%	3.35B 0.46%	3.16B 5.67%	2.89B 8.57%
weighted average shs out dil	3.17B -	3.08B 2.88%	3.05B 0.94%	3.14B 2.90%	3.30B 5.10%	3.35B 1.44%	3.40B 1.48%	3.37B 0.87%	3.38B 0.19%	3.16B 6.28%	2.96B 6.52%
eps	7.43 -	1.23 83.45%	-2.12 272.36%	0.04 101.73%	1.03 2,714.21%	2.82 173.79%	1.19 57.80%	-6.15 616.81%	2.25 136.59%	-0.43 119.11%	5.27 1,325.58%
epsdiluted	7.39 -	1.23 83.36%	-2.12 272.36%	0.04 101.70%	1.03 2,761.11%	2.80 171.84%	1.18 57.86%	-6.15 621.19%	2.24 136.42%	-0.43 119.20%	5.15 1,297.67%

NYSE:BP

BP p.l.c.

Last Close

38.37

18/04 20:00

Market Cap

100.39B

Beta: 0.59

Volume Today

8.54M

Avg: 9.76M

PE Ratio

3.84

PFCF: 4.31

Dividend Yield

4.84%

Payout:18.20%

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