Bp Plc Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Bp Plc (BP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BP FY2025 2026-04-22

BP's visible operating mechanic is a cash-generative but capital-hungry asset base whose reported profit now understates the business's cash engine.

From FY2023 to FY2025, operating cash flow slipped from $32.0B to $24.5B. Over the same span, net margin fell from 7.5% to 0.7%, implying accounting earnings weakened far faster than day-to-day cash generation and making net income a poor shorthand for current operating capacity.

The balance sheet reads as liquid in the short term but more stretched in capital structure: current assets still exceeded current liabilities, so near-term obligations appear manageable from the asset base already on hand. But debt-to-equity climbed from 0.1x in FY2023 to 0.2x in FY2025 as equity shrank, meaning leverage is rising because the cushion is thinner, not because debt exploded.

Cash, not reported earnings, is supporting shareholder returns: FY2025 operating cash flow of $24.5B covered dividends of $5.1B, so distributions were not relying on that year's slim profit line. At the same time, depreciation and amortization remained very large, which signals an asset base that must keep absorbing meaningful reinvestment rather than throwing off all of its cash as surplus.

Financial Health Signals

Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Bp Plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Bp Plc's revenue declined 1.1% year-over-year, from $194.6B to $192.5B. This contraction results in a growth score of 25/100.

Leverage

Bp Plc carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Bp Plc's current ratio of 1.26 is below the typical benchmark, resulting in a score of 20/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Bp Plc generates a 1.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from 1.6% the prior year.

Piotroski F-Score Neutral

6/9

Bp Plc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

18.91x

For every $1 of reported earnings, Bp Plc generates $18.91 in operating cash flow ($24.5B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$192.5B

YoY-1.1%

5Y CAGR+12.0%

10Y CAGR-1.6%

Bp Plc generated $192.5B in revenue in fiscal year 2025. This represents a decrease of 1.1% from the prior year.

EBITDA

N/A

Net Income

$1.3B

YoY+5.4%

Bp Plc reported $1.3B in net income in fiscal year 2025. This represents an increase of 5.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$36.6B

YoY-6.8%

5Y CAGR+3.3%

10Y CAGR+3.3%

Bp Plc held $36.6B in cash against $11.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

0.7%

YoY+0.0pp

5Y CAGR+19.7pp

10Y CAGR+3.5pp

Bp Plc's net profit margin was 0.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.

Return on Equity

1.8%

YoY+0.2pp

5Y CAGR+26.0pp

10Y CAGR+8.3pp

Bp Plc's ROE was 1.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$192.5B-1.1%	$194.6B-8.6%	$213.0B-14.4%	$248.9B+51.6%	$164.2B+50.5%	$109.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$704.0M+50.4%	$468.0M+28.9%	$363.0M+48.2%	$245.0M-14.9%	$288.0M-14.5%	$337.0M
Income Tax	$6.5B+16.2%	$5.6B-29.4%	$7.9B-53.1%	$16.8B+148.7%	$6.7B+262.1%	-$4.2B
Net Income	$1.3B+5.4%	$1.2B-92.3%	$15.9B+1270.2%	-$1.4B-116.0%	$8.5B+140.9%	-$20.7B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$47.7B	N/A	$48.3B	N/A	$49.5B	N/A	$69.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	$954.0M	N/A	$1.2B	N/A	$1.5B	N/A	$4.5B
Net Income	N/A	$1.9B	N/A	$70.0M	N/A	$2.0B	N/A	$9.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$278.5B-1.3%	$282.2B+0.7%	$280.3B-2.7%	$288.1B+0.3%	$287.3B+7.3%	$267.7B
Current Assets	$101.8B-1.0%	$102.8B-1.3%	$104.1B-3.3%	$107.7B+16.3%	$92.6B+26.9%	$73.0B
Cash & Equivalents	$36.6B-6.8%	$39.2B+18.7%	$33.0B+13.1%	$29.2B-4.8%	$30.7B-1.4%	$31.1B
Inventory	$22.5B-3.2%	$23.2B+1.8%	$22.8B-18.7%	$28.1B+18.4%	$23.7B+40.5%	$16.9B
Accounts Receivable	$26.0B-4.1%	$27.1B-12.8%	$31.1B-8.5%	$34.0B+25.3%	$27.1B+51.2%	$17.9B
Goodwill	$10.3B-30.8%	$14.9B+19.4%	$12.5B+4.3%	$12.0B-3.3%	$12.4B-0.9%	$12.5B
Total Liabilities	$204.5B+0.3%	$203.9B+4.7%	$194.8B-5.0%	$205.1B+4.2%	$196.8B+8.1%	$182.1B
Current Liabilities	$80.6B-2.0%	$82.2B-4.5%	$86.1B-13.1%	$99.0B+23.3%	$80.3B+34.3%	$59.8B
Long-Term Debt	$11.7B+25.7%	$9.3B+10.3%	$8.5B+31.4%	$6.4B-6.1%	$6.9B-6.3%	$7.3B
Total Equity	$74.0B-5.5%	$78.3B-8.4%	$85.5B+3.0%	$83.0B-8.2%	$90.4B+5.7%	$85.6B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$278.5B-2.2%	$284.7B+0.9%	$282.2B+3.2%	$273.4B-2.5%	$280.3B+1.5%	$276.1B-4.2%	$288.1B-3.7%	$299.1B
Current Assets	$101.8B-0.3%	$102.1B-0.7%	$102.8B+2.2%	$100.6B-3.4%	$104.1B+9.3%	$95.3B-11.5%	$107.7B-15.1%	$126.8B
Cash & Equivalents	$36.6B+4.2%	$35.1B-10.6%	$39.2B+12.4%	$34.9B+5.6%	$33.0B+14.2%	$28.9B-1.0%	$29.2B-11.8%	$33.1B
Inventory	$22.5B-9.1%	$24.8B+6.5%	$23.2B-0.5%	$23.3B+2.3%	$22.8B-2.3%	$23.3B-16.9%	$28.1B-18.0%	$34.3B
Accounts Receivable	$26.0B-5.7%	$27.6B+1.7%	$27.1B-6.1%	$28.9B-7.2%	$31.1B+12.4%	$27.7B-18.6%	$34.0B-13.0%	$39.1B
Goodwill	$10.3B-32.1%	$15.2B+2.0%	$14.9B+20.2%	$12.4B-0.7%	$12.5B+2.2%	$12.2B+2.1%	$12.0B+4.3%	$11.5B
Total Liabilities	$204.5B-0.2%	$205.0B+0.5%	$203.9B+6.7%	$191.2B-1.9%	$194.8B+2.3%	$190.5B-7.1%	$205.1B-5.7%	$217.6B
Current Liabilities	$80.6B-4.2%	$84.1B+2.2%	$82.2B+1.1%	$81.4B-5.5%	$86.1B+5.7%	$81.5B-17.7%	$99.0B-9.6%	$109.5B
Long-Term Debt	$11.7B-0.3%	$11.8B+26.0%	$9.3B+15.3%	$8.1B-4.3%	$8.5B-0.3%	$8.5B+31.8%	$6.4B+2.0%	$6.3B
Total Equity	$74.0B-7.2%	$79.8B+1.9%	$78.3B-4.7%	$82.2B-3.9%	$85.5B-0.1%	$85.6B+3.1%	$83.0B+1.7%	$81.6B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$24.5B-10.3%	$27.3B-14.8%	$32.0B-21.7%	$40.9B+73.4%	$23.6B+94.1%	$12.2B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$11.5B+13.2%	-$13.3B+10.9%	-$14.9B-8.5%	-$13.7B-140.8%	-$5.7B+27.5%	-$7.9B
Financing Cash Flow	-$15.9B-117.6%	-$7.3B+45.4%	-$13.4B+52.3%	-$28.0B-55.0%	-$18.1B-557.0%	$4.0B
Dividends Paid	$5.1B+1.1%	$5.0B+4.0%	$4.8B+10.3%	$4.4B+1.3%	$4.3B-32.1%	$6.3B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	$6.3B	N/A	$8.1B	N/A	$6.3B	N/A	$10.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$2.9B	N/A	-$3.4B	N/A	-$4.2B	N/A	-$2.5B
Financing Cash Flow	N/A	-$2.2B	N/A	-$1.3B	N/A	-$3.6B	N/A	-$9.2B
Dividends Paid	N/A	$1.2B	N/A	$1.2B	N/A	$1.2B	N/A	$1.1B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.7%+0.0pp	0.6%-6.8pp	7.4%+8.0pp	-0.5%-5.7pp	5.2%+24.2pp	-19.0%
Return on Equity	1.8%+0.2pp	1.6%-17.0pp	18.6%+20.2pp	-1.6%-11.0pp	9.4%+33.6pp	-24.2%
Return on Assets	0.5%+0.0pp	0.4%-5.2pp	5.7%+6.1pp	-0.5%-3.4pp	2.9%+10.7pp	-7.7%
Current Ratio	1.26+0.0	1.25+0.0	1.21+0.1	1.09-0.1	1.15-0.1	1.22
Debt-to-Equity	0.16+0.0	0.12+0.0	0.10+0.0	0.080.0	0.080.0	0.09
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	4.0%	N/A	0.1%	N/A	4.0%	N/A	13.7%
Return on Equity	N/A	2.4%	N/A	0.1%	N/A	2.3%	N/A	11.7%
Return on Assets	N/A	0.7%	N/A	0.0%	N/A	0.7%	N/A	3.2%
Current Ratio	1.26+0.0	1.21-0.0	1.25+0.0	1.24+0.0	1.21+0.0	1.17+0.1	1.09-0.1	1.16
Debt-to-Equity	0.16+0.0	0.15+0.0	0.12+0.0	0.100.0	0.100.0	0.10+0.0	0.080.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Bp Plc's annual revenue?

Bp Plc (BP) reported $192.5B in total revenue for fiscal year 2025. This represents a -1.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bp Plc's revenue growing?

Bp Plc (BP) revenue declined by 1.1% year-over-year, from $194.6B to $192.5B in fiscal year 2025.

Is Bp Plc profitable?

Yes, Bp Plc (BP) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 0.7%.

How much debt does Bp Plc have?

As of fiscal year 2025, Bp Plc (BP) had $36.6B in cash and equivalents against $11.7B in long-term debt.

What is Bp Plc's net profit margin?

Bp Plc (BP) had a net profit margin of 0.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bp Plc's return on equity (ROE)?

Bp Plc (BP) has a return on equity of 1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bp Plc's operating cash flow?

Bp Plc (BP) generated $24.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bp Plc's total assets?

Bp Plc (BP) had $278.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What is Bp Plc's current ratio?

Bp Plc (BP) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.

What is Bp Plc's debt-to-equity ratio?

Bp Plc (BP) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bp Plc's return on assets (ROA)?

Bp Plc (BP) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bp Plc's Piotroski F-Score?

Bp Plc (BP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bp Plc's earnings high quality?

Bp Plc (BP) has an earnings quality ratio of 18.91x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Bp Plc?

Bp Plc (BP) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.