Stock

BP p.l.c.

BP.L

Oil & Gas Integrated · Energy

Also trades as: BP USD 50.05 (+0.40%)

Price

626.40 GBp

+14.50 (+2.37%)

Market Cap

£96.80B

Exchange

London Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Oct 23, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Good

15/30

Growth

Good

12/20

Cash Flow

Strong

8/10

Stability

Good

5/10

Valuation

Strong

8/10

Ownership

Mixed

6/15

Dividends

Good

3/5

57 of 100 counted points = Winston Score 57.

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Share count falling — buybacks

−21.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 20.26B (2021) → 15.91B (2025)

§Winston Score History

The full picture

BP is one of the world's largest oil and gas companies. It finds, extracts, and refines oil and natural gas, then sells fuel, lubricants, and energy products to governments, businesses, and everyday consumers at the pump. BP also operates a growing renewable energy division, including wind and solar projects, as it tries to shift away from fossil fuels.

BP makes money by selling oil, natural gas, and refined products like gasoline and jet fuel. It operates in over 60 countries, with major production in the US, UK, Gulf of Mexico, Middle East, and Africa. Its scale and global infrastructure give it some competitive advantage, but oil and gas prices are set by world markets, so profits swing sharply when commodity prices fall. BP's biggest challenge is managing billions in debt while funding its energy transition strategy — a costly shift that has already led to asset sales and dividend cuts in recent years.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+47.3% YoY

YoY Growth Rate

Revenue accelerating

Reported EPS Growth

+150.0% YoY

Quarterly reporting periods ended:

30 Jun 2025: $0.10

30 Jun 2026: $0.25

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

2.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$85.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

BP p.l.c. grew revenue 47% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

19.7%

Thin — 19.7% gross margin

Profit after running costs

Operating Margin

11.8%

Modest — 11.8% operating margin

Return on the money invested

ROCE

22.4%

Exceptional — 22.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+16.3%

Fast-growing sales (+16.3% YoY)

Profit growth

EPS YoY

+811.9%

Earnings growing fast (+811.9% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

537%

Turns 537% of profit into real cash

Spare cash per sale

FCF Margin

7.5%

Modest free cash flow (7.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.24

Elevated debt (1.24)

Covers its interest

Interest Cover

6.07x

Adequate interest coverage (6.1x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

18.2x

Fair value — P/E 18.2

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+6.8

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (18.2 → 11.4)

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Dividends

Dividend

Dividend Yield

4.50%

Healthy income — 4.50% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+2.2%

Dividend flat

Payout Ratio

95%

no trend

Most of the profit goes out as dividends. Little left to reinvest, and less cushion if earnings dip.

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