BP Stock Summary and Trading Ideas (BP P.L.C. | NYSE:BP)

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.

BP P.L.C. trades on the NYSE stock market under the symbol BP.

As of April 23, 2024, BP stock price climbed to $39.00 with 2,299,482 million shares trading.

BP has a beta of 0.04, meaning it tends to be less sensitive to market movements. BP has a correlation of 0.00 to the broad based SPY ETF.

BP has a market cap of $109.35 billion. This is considered a Large Cap stock.

Last quarter BP P.L.C. reported $52 billion in Revenue and $1.07 earnings per share. This fell short of revenue expectation by $-1 billion and exceeded earnings estimates by $.02.

In the last 3 years, BP stock traded as high as $41.38 and as low as $22.64.

The top ETF exchange traded funds that BP belongs to (by Net Assets): DFIV, DFIC, GCOW, DIHP, AVDE.

BP stock has underperformed the market in the last year with a return of +2.7%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BP shares. However, BP has outperformed the market in the last 3 month and 2 week periods, returning +15.1% and +0.2%, while SPY returned +4.8% and -2.6%, respectively. This indicates BP has been having a stronger performance recently.

BP support price is $38.45 and resistance is $39.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BP stock will trade within this expected range on the day.