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  • Previous Rank
    6
  • Revenues ($M)
    $225,982
  • Revenue Percent Change
    -37%
  • Profits ($M)
    $-6,482
  • Profits Percent Change
    -271.5%
  • Assets ($M)
    $261,832
  • Employees
    79,800

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.

Company Information

Figures prepared in accordance with International Accounting Standards.
CEO
Robert W. Dudley
Sector
Energy
Industry
Petroleum Refining
HQ Location
London, Britain
Employees79,800
Websitehttp://www.bp.com
Years on Global 500 List22
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BP Rank History

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Key Financials (last fiscal year)

($ Millions)% change
Revenues ($M)$225,982-37%
Profits ($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%