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 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% 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 November 25, 2024, BP stock price declined to $29.39 with 5,035,677 million shares trading.

BP has a beta of 0.36, meaning it tends to be less sensitive to market movements. BP has a correlation of 0.05 to the broad based SPY ETF.

BP has a market cap of $76.87 billion. This is considered a Large Cap stock.

Last quarter BP P.L.C. reported $47 billion in Revenue and $.83 earnings per share. This fell short of revenue expectation by $-5 billion and exceeded earnings estimates by $.07.

In the last 3 years, BP traded as high as $41.38 and as low as $25.33.

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

BP has underperformed the market in the last year with a return of -11.5%, while the SPY ETF gained +32.8%. In the last 3 month period, BP fell short of the market, returning -10.8%, while SPY returned +7.7%. However, in the most recent 2 weeks BP has outperformed the stock market by returning +1.6%, while SPY returned -0.1%.

BP support price is $29.33 and resistance is $30.11 (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 shares will trade within this expected range on the day.