BP has slid 17 spots down the Global 500 this year, but that slide belies some good results as it bounced back from the pandemic. The company reported a net profit of $12.8 billion for fiscal 2021–its largest net profit in eight years. The rising demand for oil spurred by travel after pandemic restrictions lifted in 2021 drove up prices. Russia’s invasion of Ukraine in February 2022 created a global energy shortage that drove prices up even further. The firm’s underlying replacement cost profit hit $6.2 billion in the first quarter of 2022, beating analyst projections. BP also invested $2.5 billion in share buybacks. However, the British oil and gas behemoth also recorded a writedown of $20.4 billion after divesting its nearly 20% stake in Russian-controlled oil company Rosneft.
Xavi Lopez—SOPA Images/LightRocket/Getty Images
Company Information
As of 8/3/2022
Country
Britain
Headquarters
London
Industry
Petroleum Refining
CEO
Bernard Looney
Website
Company Type
Public
Ticker
BP
Revenues ($M)
$164,195
Profits ($M)
$7,565
Market Value ($M)
$88,296
Employees
65,900
Figures prepared in accordance with International Accounting Standards. Excise taxes have been deducted.Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$164,195
-10.5%
Profits ($M)
$7,565
-
Assets ($M)
$287,272
-
Total Stockholder Equity ($M)
$75,463
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
4.6%
Profits as % of Assets
2.6%
Profits as % of Stockholder Equity
10%
BP Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $183,500-35.1% | $-20,305-604.3% | $267,654 | $71,250 |
| 2020 | $282,616-7% | $4,026-57.1% | $295,194 | $98,412 |
| 2019 | $303,73824.2% | $9,383176.9% | $282,176 | $99,444 |
| 2018 | $244,58231.1% | $3,3892847.00% | $276,515 | $98,491 |
| 2017 | $186,606-17.4% | $115 | $263,316 | $95,286 |
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