BP is a global energy giant that finds, refines, and sells oil and gas, plus runs retail fuel stations and convenience stores, while also investing in wind, hydrogen, and EV charging.
BP's money comes from selling oil, gas, and refined products across its integrated segments; gross margin is around 22%, but net margin is razor-thin at 2.5%, showing high costs and volatile commodity prices.
BP's scale, decades of infrastructure, and retail network create barriers, but competitors like Shell, ExxonMobil, and TotalEnergies can match its moves, and the shift to renewables is eroding its traditional oil-based advantage.
Hold (sector percentile 51) — value A-, growth B, profitability C-, momentum B-, revisions B-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Partners with XRG on Plataforma Deltana field with ~4 tcf recoverable gas
Trump blasts Big Oil profits; new CEO accelerates debt reduction
Sale to Klesch Group expected to cut ~$1B opex as overhaul continues
Undisclosed deal underscores BP's continued exit from retail space
ConocoPhillips to acquire 42% of BP's stake in the Kirkuk redevelopment venture, boosting the major revival project.
Following Q2 production decline, BP simplifies venture portfolio via Verdane deal and closes 20-year-old venture unit to focus on strategic investments.
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The discussion revolves around BP's handling of a situation in the UK, drawing parallels to other energy companies. Unusual put activity is also noted.
Main discussion
RT @chigrl: I think they call this seppuku. Ask $APA, $BP, INEOS, and Harbour Energy how they dealt with this in the UK.
I think they call this seppuku. Ask $APA, $BP, INEOS, and Harbour Energy how they dealt with this in the UK.
RECAP 8/21 Unusual Puts: $SPCX Oct 100 P $VSTS Oct02 115 P $LRCX Oct 220 P $BP Oct 45 P $UNH Sep-27 390 P $EIX Oct 60 P Live Breaking trading news http://www.openoutcrier.com
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