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BP plc
(LSE:BP.B)
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Rating:61Neutral
Price Target:
162.00 p
▲(2.86% Upside)
Action:Reiterated
Date:10/30/26
The score is driven primarily by improving TTM financial performance and strong cash generation, supported by a generally constructive earnings call highlighting profit/cash-flow momentum and balance-sheet progress. Offsets include elevated leverage and earnings cyclicality, a neutral technical setup with weak trend signals, and a valuation profile where a high dividend yield is tempered by a relatively high P/E.
Positive Factors
Strong cash generation
BP's strong operating and free cash flow provides internal funding for investment, dividends, debt reduction and transition activities. The substantial TTM rebound also improves resilience through commodity swings, although the pack notes that cash generation has varied across prior years.
Negative Factors
Elevated leverage and obligations
Debt above equity and substantial broader obligations reduce BP's balance-sheet flexibility relative to earlier years. They can constrain capital allocation and leave less room to absorb weaker commodity conditions, fund growth or address liabilities while the company continues its portfolio transition.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
BP's strong operating and free cash flow provides internal funding for investment, dividends, debt reduction and transition activities. The substantial TTM rebound also improves resilience through commodity swings, although the pack notes that cash generation has varied across prior years.
Read all positive factors
BP plc (BP.B) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£96.96B
Dividend Yield5.84%
Average Volume (3M)4.48K
Price to Earnings (P/E)24.4
Beta (1Y)0.17
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees91,733
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.34
Shares Outstanding5,473,414
10 Day Avg. Volume8,590
30 Day Avg. Volume4,476
Financial Highlights & Ratios
PEG Ratio-19.58
Price to Book (P/B)1.71
Price to Sales (P/S)0.48
P/FCF Ratio8.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BP plc Business Overview & Revenue Model
Company Description
BP Plc operates as an integrated oil and gas company providing carbon products and services. It operates through the following segments: Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products. The Gas and Low Carbon E...
How the Company Makes Money
BP makes money primarily by producing, transforming, trading, and selling energy products and related services. Upstream revenues are generated from the sale of crude oil, natural gas, and natural gas liquids produced from BP-operated fields and e...
BP plc Earnings Call Summary
Earnings Call Date:Oct 30, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 09, 2027
Earnings Call Sentiment Positive
The call was predominantly positive, supported by strong third-quarter profit and cash flow growth, improved upstream and refining reliability, substantial reductions in net debt and financial obligations, progress on divestments and performance targets, and strong trading contributions. However, BP also highlighted an increase in process safety events, a $4 billion impairment charge, continuing operational variability, high remaining financial obligations, a large working capital build, and expectations for a significantly lower customers result in the fourth quarter. The positive financial and operational developments significantly outweighed the stated challenges.Positive Updates
Strong Third-Quarter Profit and Cash Flow
BP delivered $8.5 billion of underlying profit, $2.7 billion higher than the second quarter, and $14.8 billion of operating cash flow, $4 billion higher than the second quarter. Group underlying profit increased 48% from the second quarter.
Negative Updates
Increase in Process Safety Events
BP reported an increase in tier one and tier two process safety events this year and said its performance needs to meet its high safety standards.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Profit and Cash Flow
BP delivered $8.5 billion of underlying profit, $2.7 billion higher than the second quarter, and $14.8 billion of operating cash flow, $4 billion higher than the second quarter. Group underlying profit increased 48% from the second quarter.
Read all positive updates
Company Guidance
For the fourth quarter compared to the third quarter, BP expects customers a significantly lower result, reflecting seasonally lower volumes, a lower midstream result, and Castrol earnings subject to the anticipated completion of the Castrol divestment; fuels margins and midstream performance are expected to remain sensitive to market conditions, and income taxes paid to be around $800 million higher. For full year 2026, divestment and other proceeds are expected to be around $8 billion, the underlying effective tax rate is expected to be between 31% and 34%, and the timing of payment of the recently announced $350 million settlement with the U.S. state of Louisiana is still to be determined. BP’s current estimate for the remainder of the year is a working capital release of around half a billion dollars, and financial obligations are expected to reduce to around $33 billion-$35 billion by the end of 2026. Refining availability has a target of keeping availability above 96%, and BP will set out its longer term capital framework and metrics and targets at the strategy and outlook update in December.BP plc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 215.60B | 189.34B | 185.23B | 213.67B | 240.86B | 154.71B |
| Gross Profit | 47.29B | 33.53B | 28.11B | 47.39B | 54.05B | 21.65B |
| EBITDA | 38.21B | 31.07B | 24.91B | 42.92B | 29.05B | 27.75B |
| Net Income | 5.39B | 55.00M | 382.83M | 15.50B | -2.48B | 7.42B |
Balance Sheet | ||||||
| Total Assets | 296.16B | 278.53B | 282.23B | 280.29B | 288.12B | 287.27B |
| Cash, Cash Equivalents and Short-Term Investments | 37.42B | 36.71B | 34.52B | 28.59B | 29.77B | 30.96B |
| Total Debt | 73.07B | 72.53B | 71.55B | 63.08B | 55.49B | 69.79B |
| Total Liabilities | 219.34B | 204.53B | 203.91B | 194.80B | 205.13B | 196.83B |
| Stockholders Equity | 58.73B | 53.05B | 59.25B | 70.28B | 67.55B | 75.46B |
Cash Flow | ||||||
| Free Cash Flow | 16.09B | 11.27B | 12.00B | 17.75B | 28.86B | 12.72B |
| Operating Cash Flow | 28.94B | 24.49B | 27.30B | 32.04B | 40.93B | 23.61B |
| Investing Cash Flow | -10.66B | -11.50B | -13.25B | -14.87B | -13.71B | -5.69B |
| Financing Cash Flow | -16.12B | -15.88B | -7.30B | -13.36B | -28.02B | -18.08B |
BP plc Technical Analysis
Neutral
157.50
Price Trends
154.59
Negative
155.89
Negative
156.54
Negative
Market Momentum
-0.04
Negative
52.17
Neutral
48.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BP.B, the sentiment is Neutral. The current price of 157.5 is above the 20-day moving average (MA) of 153.28, above the 50-day MA of 154.59, and above the 200-day MA of 156.54, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 48.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BP.B.
BP plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | £229.30B | 9.27 | 18.01% | 2.79% | 15.01% | 131.00% | |
74 Outperform | £5.33B | 23.78 | 16.13% | 1.77% | 25.07% | 48.96% | |
67 Neutral | £5.37B | 23.83 | 9.66% | 3.87% | 17.03% | ― | |
67 Neutral | £5.01B | 25.85 | 10.32% | 8.77% | 28.04% | ― | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | £96.96B | 24.37 | 9.53% | 5.84% | ― | ― | |
58 Neutral | £1.37B | -8.58 | -114.52% | 8.02% | 8.94% | -196.02% |
* Energy Sector Average
GB:BP.B
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.