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 Ratios
As 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

YearRevenues ($M)Profits ($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
SHOW MORE
FortuneDataStore ad
Lists ranking BP
RANK35
Global 500 - 2022Aggregate sales hit $37.8 trillion last year—an in...READ MORE