| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 92 | — | 17.3x | Top tier | |
Growth | 44 | 17.5% | 7.1% | Around median | |
Quality | 66 | 8.6% | 4.5% | Top tier | |
Safety | 64 | 1.0x | 2.6x | Around median | |
Capital Return | 88 | 4.30% | 0.06% | Top tier | |
Momentum | 92 | 29.4% | -1.6% | Top tier | |
Sentiment | 97 | 11 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
3% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
BP combines oil and gas production, refining, and customer fuel sales channels, linking these activities with trading and shipping. Its income comes from selling energy and refined products, refining and distribution margins, and capturing pricing and supply opportunities across markets. In quarter 2 of fiscal year 2026 (ended 2026-06-30), upstream production reached 2.2 million barrels of oil equivalent per day, and refining volumes were approximately 1.5 million barrels per day; the Cherry Point refinery illustrates how the company connects access to global crude supplies with exports, retail and aviation channels, and commercial customers.
According to EL7 data, revenue in quarter 2 of fiscal year 2026 was approximately 70.1 billion dollars, net income was 3.9 billion dollars, diluted earnings per share were 1.5 dollars, and the operating margin calculated by EL7 was approximately 12.8%. According to EL7 data, operating cash flow for the same period was 10.9 billion dollars. A reliable year-over-year revenue comparison is unavailable because the definition of the line item differs between the sources for the two periods, so sales growth cannot be inferred from the figures presented.
The improvement in underlying segment operating profits in quarter 2 of fiscal year 2026 compared with the previous quarter comprised increases of approximately 800 million dollars in gas and low carbon energy, 1.6 billion dollars in oil production and operations, and 1.8 billion dollars in customers and products. Activities benefited from improved selling prices, refining margins, and Castrol performance, despite maintenance and operational disruptions. However, the 2026-10-13 update put earnings quality under renewed scrutiny, with asset write-offs and impairments of between 3.5 and 4.5 billion dollars expected in quarter 3 of fiscal year 2026.
Q2 FY2026
Last 12 months to 2026-06-30
When: 2026-10-30
Write-offs and impairments at the upper limit of 4.5 billion dollars
Upstream production compared with the level of 2.2 million barrels of oil equivalent per day
The no-growth value is 56 dollars at a discount rate of 8.7%, measuring the value of maintaining current after-tax operating profit unchanged in perpetuity. The median price target from 7 analysts is 54 dollars, within a range of 46 to 57 dollars in the 2026-10-19 snapshot; these targets reflect growth expectations and tend by nature to be optimistic. The industry-multiple value is 30 dollars, within a range of 25 to 48 dollars, based on earnings for the trailing 12 months through 2026-06-30 and a median multiple of 14.1 across 11 companies, meaning it prices BP based on its earnings relative to peers. The no-growth value and median analyst price target are close, while the central industry-multiple value is lower than both; the divergence reflects the different measurement bases of after-tax operating profit, growth expectations, and trailing 12-month earnings used in the industry comparison.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
BP combines oil and gas production, refining, distribution, retail and aviation channels, and commercial customers, linking these activities with trading and shipping. Its production reached 2.2 million barrels of oil equivalent per day in quarter 2 of fiscal year 2026 (ended 2026-06-30), while refining volumes were approximately 1.5 million barrels per day. Management stated on the 2026-08-04 call that trading added an average of approximately 4 percentage points to return on capital employed over the six years covered, illustrating its contribution to connecting assets with higher-value markets.
According to EL7 data, operating cash flow for the trailing 12 months through 2026-06-30 was approximately 29.1 billion dollars against net income of 5.5 billion dollars, equivalent to 531% of that amount. Free cash flow calculated by EL7 (operating cash flow minus capital expenditure) for the trailing 12 months was approximately 16.1 billion dollars. These figures support the company's cash-generating capacity, but management explained on the 2026-08-04 call that servicing obligations consumes a large share of that cash and that improving the balance sheet remains a priority.
Automated analysis for informational purposes only — not investment advice.
When: Fiscal year 2026
Divestment proceeds within the range of 8 to 9 billion dollars
Financial obligations within the range of 39 to 41 billion dollars
In its 2026-10-13 update, BP expected asset write-offs and impairments of between 3.5 and 4.5 billion dollars in quarter 3 of fiscal year 2026. The non-cash charges relate to portfolio reviews and adjustments to energy price assumptions, putting asset values and the quality of capital allocation decisions under scrutiny. The same update indicated strong gas trading compared with the previous quarter, but that alone does not determine the net impact of the write-offs on the results expected to be announced on 2026-10-30.
On the 2026-08-04 call, management set targeted divestment proceeds of between 8 and 9 billion dollars for fiscal year 2026, including approximately 6 billion dollars from the announced Castrol transaction. It also said it had begun the process of marketing the North Sea business and planned to market Archaea Energy, with the aim of simplifying the portfolio and focusing capital on higher-return activities. Under the price assumptions it presented, management targeted financial obligations of between 39 and 41 billion dollars by the end of fiscal year 2026, making transaction completion and cash collection essential elements in assessing execution.
The no-growth value is 56 dollars, based on maintaining current after-tax operating profit, while the median analyst price target is 54 dollars in the 2026-10-19 snapshot and reflects analysts' growth expectations. The industry-multiple value is 30 dollars, based on earnings for the trailing 12 months through 2026-06-30 and a median multiple of 14.1 across 11 companies. The constant operating profit and analyst expectations methods therefore produce similar values, while the comparison with peer earnings produces a lower central value; these methods do not represent a single identical measure.