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Global 500

Simon Dawson — Bloomberg via Getty Images

10

BP

BP

Britain

The long nightmare of the Deepwater Horizon disaster is nearly over. The company signed a $20.8 billion deal in July 2015 that settled all government claims, although it will continue to field private claims for some time yet (the total cost so far is $43.8 billion). The asset sales and borrowing that it has needed to pay for Deepwater Horizon have left it strategically vulnerable: it has little balance sheet space to replace reserves through acquisitions, and crude prices aren’t high enough to warrant new drilling. It may yet have to slim down even further (or cut its dividend), as the $60 oil price it planned for in 2016-7 has yet to materialize.

CEO

Robert W. Dudley

Sector

Energy

Industry

Petroleum Refining

HQ Location

London, Britain

Employees

79,800

Years on Global 500 List

22

Excise taxes have been deducted.Figures prepared in accordance with International Accounting Standards.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$225,982-37.0%
Profits ($M)$-6,482-271.5%
Assets ($M)$261,832
Total Stockholder Equity ($M)$97,216
Profit Ratios
Profit as % of Revenues-2.9%
Profits as % of Assets-2.5%
Profits as % of Stockholder Equity-6.7%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about BP

Big Oil Firms Just Notched Another Victory Against Cities Suing Over Their Role in Climate Change

Government has to deal with the problem, said the judge. With the Trump EPA, that's unlikely.

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Big Oil Scores Victory Against California Climate Change Lawsuit

The suit called for an abatement fund that would go toward cities affected by flooding.

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Shell Profits Jump Past Expectations as It Figures Out the New World of Low Oil Prices

BP also revived share buybacks this week in a sign that austerity had paid off.

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BP Signals the End of the Bad Times for Big Oil

Share buyback shows it can finally meet its cash commitments

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Videos about BP

BP oil spill blamed for dolphin die-off

A new study says there is a direct link between the biggest oil spill in history and mass dolphin deaths in the Gulf of Mexico.

Read More →