BP Plc is a multinational oil and gas company that offers a competitive dividend yield. The company's dividend yield is around 5.5%, which is higher than the industry average.
Investors who are looking for a stable source of income may find BP Plc's dividend attractive. The company has a long history of paying dividends, with a dividend payout ratio of around 50%.
BP Plc has also been actively buying back its own shares, with a share buyback program in place since 2015. The company has returned over $10 billion to shareholders through share buybacks.
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Financial Performance
bp plc's sales have been steadily decreasing over the past few years, with a significant drop of 15.38% in 2023 compared to 2022.
The company's gross profit on sales has also been declining, with a 16.36% decrease in 2023 compared to 2022.
In contrast, bp plc's operating income has been increasing, with a 333.01% growth in 2022 compared to 2021.
However, this growth was not sustained in 2023, with a 29.27% decrease in operating income.
bp plc's income before tax has been fluctuating, with a 72.54% increase in 2023 compared to 2022.
The company's income after tax has also been affected, with a significant decrease of 54.77% in 2023 compared to 2022.
Here's a summary of bp plc's financial performance over the past few years:
Dividend and Share Information
BP plc has a history of paying dividends to its shareholders, with the first recorded dividend in 2000 being 0.21 USD. The dividend has fluctuated over the years, with the highest recorded dividend being 0.55 USD in 2008.
The dividend yield has also varied, with the highest yield of 10.46% recorded in 2008. In contrast, the lowest dividend yield was 0.93% in 2010. The dividend yield has been around 4-6% in recent years, with the 2023 dividend yield being 4.88%.
Here is a breakdown of the dividend and share information for BP plc:
Note: The dividend and yield figures are in the respective currency for each year.
Dividend Calendar
BP has a long history of paying dividends to its shareholders. Since 2001, the company has consistently paid out dividends, with the first dividend payment in 2001 being £0.22.
The dividend calendar for BP shows a steady increase in dividend payments over the years. In 2009, the dividend payment was £0.35, and by 2018, it had risen to £0.31.
BP's dividend yield has also fluctuated over the years. In 2008, the dividend yield was a high 10.46%, but by 2011, it had dropped to 3.94%. As of 2022, the dividend yield is 4.21%.
Here is a breakdown of BP's dividend payments and yields from 2001 to 2022:
BP's dividend payments have been affected by the company's financial performance and the overall economic climate. Despite these fluctuations, the company has consistently paid out dividends to its shareholders, making it a reliable choice for income investors.
Share Buyback
BP PLC has been actively purchasing its own shares in recent days, with transactions taking place on January 21, 22, 23, 24, and 27.
These purchases were made in accordance with the authority granted by the company's board of directors.
On January 21, the company purchased shares in accordance with this authority, marking the first of a series of transactions.
BP p.l.c. has been transparent about its share buyback activities, releasing capital market information and announcements through EQS News.
The company's share buyback program suggests a focus on maintaining or increasing shareholder value.
BP p.l.c.'s share purchases have been announced publicly, with details available through EQS News.
These announcements provide insight into the company's ongoing efforts to manage its share capital.
The share buyback transactions took place on consecutive days, with purchases made on January 21, 22, 23, 24, and 27.
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Stock Performance
BP plc stock has taken a hit this year, with its price declining by 14% to approximately $29 per share.
The company's stock price drop is a significant concern for investors, but it's essential to consider the long-term potential of the stock.
BP plc has the potential for long-term growth, despite its current decline.
The ongoing geopolitics and the focus on profits from the oil and gas business in 2024 may impact the company's climate commitments.
Analyst Forecasts and Estimates
Analysts are predicting a 11.54% increase in BP stock price to $34.85 within the next 12 months, based on the average rating of "Hold" from 10 analysts.
The number of analysts providing earnings estimates for BP has fluctuated, ranging from 12 to 26 analysts over the past few quarters.
The average earnings estimate for the current year, ending 12/31/25, is $0.605 USD, while the average earnings estimate for the next year, ending 12/31/26, is $0.680 USD.
Here are the average earnings estimates for each quarter, based on the number of analysts providing forecasts:
Revenue estimates for BP have been steadily increasing, with an average estimate of $188,587 USD for the current year, and $188,961 USD for the next year.
BP's revenue estimates are also influenced by the number of analysts providing forecasts, which has ranged from 4 to 12 analysts over the past few quarters.
The average revenue estimate for the current quarter, ending 03/31/25, is $49,876 USD, while the average revenue estimate for the next quarter, ending 06/30/25, is $49,657 USD.
Events and Announcements
BP has a history of releasing earnings reports, with actual EPS ranging from -0.931 EUR in Q1 2022 to 0.125 EUR in Q1 2024. These reports often coincide with specific dates, such as Q2 2024 Earnings Release on 07/30/2024 and Q4 2023 Earnings Release on 02/06/2024.
BP also holds Annual General Meetings, with actual EPS ranging from -0.125 EUR in 2023 to 0.812 EUR in 2024. The dates of these meetings are often fixed, such as 04/25/2024 and 04/27/2023.
Here are some key dates for BP's earnings reports and Annual General Meetings:
Past Events
BP has a history of releasing earnings reports, with the most recent one being the Q3 2024 Earnings Release on October 29, 2024, which reported an actual EPS of 0.012 EUR.
Their earnings reports have varied in terms of actual EPS, with the lowest being -0.007 EUR for the Q2 2024 Earnings Release on July 30, 2024.
BP also holds Annual General Meetings, with the most recent one being on April 25, 2024, which reported an actual EPS of 0.812 EUR.
Here's a breakdown of the actual EPS for the past few years:
BP's earnings reports have also been released in GBP, with the most recent one being the Q3 2023 Earnings Release on October 31, 2023, which reported an actual EPS of 0.223 GBP.
Their Annual General Meetings in GBP have reported an actual EPS of 0.706 GBP on April 25, 2024, and -0.106 GBP on April 27, 2023.
Capital Market Information Release
Capital Market Information Release is a type of announcement that companies make to the public. This type of announcement is transmitted by EQS News.
BP p.l.c. is an example of a company that has released a capital market information announcement. On January 27, 2025, at 18:45 CET/CEST, BP p.l.c. made such an announcement.
The announcement was related to a transaction in own shares, which means the company was buying or selling its own shares.
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CEO Orders 5% Workforce Cut
BP is planning to cut a significant number of jobs. The oil major will eliminate around 4,700 positions, which is roughly 5% of its total workforce.
This move is part of a cost-cutting drive, aiming to reduce expenses. The exact reasons behind this decision are not specified.
The job cuts will likely have a significant impact on the employees affected. Those who will be let go will need to find new employment opportunities.
BP's CEO, Murray Auchincloss, is behind this effort to reduce costs. He is taking steps to make the company more financially stable.
The job cuts will be implemented across various departments, affecting a substantial number of employees. This will likely lead to changes in the company's operations and structure.
The exact timeline for the job cuts is not provided. It's unclear how long it will take to complete this process.
BP's decision to cut jobs is a significant move. It will have far-reaching consequences for the company and its employees.
Refining and Production
BP's refining margins are expected to take a hit, with a drop that will hurt their fourth-quarter profit by $100 million to $300 million.
Lower refining margins can be a challenge for BP, as they rely on these margins to stay profitable.
BP expects oil trading to be weak, which will likely impact their refining operations.
BP's refining operations are a significant part of their business, so any drop in refining margins is a concern.
BP has other opportunities on the horizon, including a 44% jump in oil output from India's largest field, which is a promising development.
ONGC to Boost Oil Production in India's Largest Field
BP has pledged to lift oil production by 44% from India's largest field off its west coast.
The boost in oil production will be significant, with BP aiming to increase output from the field by 44% under a decade-long contract.
Oil and Natural Gas Corp (ONGC) has engaged BP to act as a technical service provider to help boost oil and gas output from the country's largest producing field.
BP will work closely with ONGC to help achieve this goal, leveraging its expertise and resources to maximize production from the field.
BP is expected to increase gas output by 89% from the field as well, under the same contract.
Refining Margins to Dent Q4 Profit
Refining margins are set to take a hit in the fourth quarter, with BP expecting a significant dent in its profit.
BP has estimated that lower refining margins will hurt its fourth-quarter profit by $100 million to $300 million.
This drop in refining margins is a major concern for BP, as it's a key indicator of the company's refining business performance.
The non-cash, post-tax charges that BP Expects to book are also a concern, with the company expecting to take a hit of up to $2 billion.
BP's refining business is likely to be impacted by the weak oil trading market, which the company expects to be a challenge in the fourth quarter.
Frequently Asked Questions
Is BP stock a good buy right now?
BP stock has a Moderate Buy consensus from 13 Wall Street analysts, suggesting a neutral outlook. However, individual investment decisions depend on various factors, and it's worth exploring further to determine if BP stock is a good fit for your portfolio.
What is the highest BP stock has ever been?
The highest BP stock closing price was $38.16 on October 17, 2023, marking a significant milestone in the company's history. This impressive peak highlights the stock's potential for long-term growth and investment returns.
What is the average price target for BP?
The average price target for BP is $36.29, representing a 26.05% increase from the current price. This estimate is based on 7 Wall Street analyst forecasts.
Who owns the most BP stock?
BP's largest shareholders include institutional investors such as BlackRock, Inc. and Vanguard's affiliates, which collectively hold significant stakes in the company.
What is the symbol for British Petroleum?
The trading symbol for British Petroleum's ordinary shares is 'BP.' The company's shares are listed on the London Stock Exchange (LSE).
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