Bp Plc (Bp.:Ln)

BP PLC (BP.:LN)

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Business Description and Key Statistics

BP is a global energy business with operations in Europe, North Current YTY % Chg and South America, Australasia, Asia and Africa. Co. is engaged in: finding, developing and extracting oil and gas; transporting and Revenue LFY (M) 132,355 -33.5 trading products including oil, natural gas, liquefied natural gas, EPS Diluted LFY -0.74 power and carbon products as well as derivatives and currencies; manufacturing and marketing fuels and products; generating Market Value (M) 64,758 renewable energy including biofuels, biopower,wind energy and solar energy; and venturing into high-tech companies for advancing Shares Outstanding LFY (000) 20,224,314 the energy transition, advanced mobility, bio and low carbon Book Value Per Share 2.81 products, carbon management, digital transformation and power and storage. EBITDA Margin % 11.80 Net Margin % 277.9 Website: www.bp.com Long-Term Debt / Capital % 39.4 ICB Industry: Energy Dividends and Yield TTM 0.12 - 3.66% ICB Subsector: Integrated Oil and Gas Payout Ratio TTM % 0.7 Address: 1 St. James's Square London 60-Day Average Volume (000) 45,266 GBR 52-Week High & Low 332.70 - 193.44 Employees: 63,600 Price / 52-Week High & Low 0.96 - 1.66

Price, Moving Averages & Volume

356.6 356.6 BP PLC is currently trading at 320.20 which is 7.1% above its 50 day moving average price 335.2 335.2 of 299.03 and 7.3% above its 200 day moving average price 313.8 313.8 of 298.35. BP.:LN is currently 3.8% below 292.5 292.5 its 52-week high price of 332.70 and is 65.5% above its 52-week low price of 193.44. 271.1 271.1 Over the past 52-weeks, BP.:LN is up 37.8% while on a 249.8 249.8 calendar year-to-date basis it is up 25.7%.

228.4 228.4 The Relative Strength Index (RSI) indicator for BP.:LN is currently 66.66. An RSI value 207.0 207.0 of 70 and above is considered overbought and 30 and below 185.7 185.7 oversold. 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 Volume (000) 236,566 236,566

178,116 178,116

119,667 119,667

61,218 Mean (54571.51) 61,218

2,769 2,769 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % 0.77 1.25 50-Day Average Price 299.03 1-Week % 5.10 4.84 Price / 50-Day Average 1.07 4-Week % 7.98 9.40 200-Day Average Price 298.35 52-Week % 37.78 13.43 Price / 200-Day Average 1.07 RSI - Relative Strength Index 66.66 Quarter-to-Date % 1.65 0.52

Year-to-Date % 25.67 15.45 Risk Metrics Last Month % 2.68 0.76 Price Volatility 7.77 Last Quarter % 6.91 2.24 Sharpe Ratio -0.05 Last Calendar Year % -45.97 -32.98 Sortino Ratio -0.08

5-Year Price Performance vs. FTSE 350

BP PLC Current: 0.71 CAGR: -6.6% Over the past five years, BP FTSE 350 Index Current: 1.18 CAGR: 3.4% PLC's stock price is down 28.8% which is 47.3% below 1.4 1.4 the FTSE 350 Index performance of 18.4% over the same period. BP PLC's 1.3 1.3 cumulative annualized growth rate (CAGR) over the five year period has been -6.6% while 1.2 ^NMX:LN 1.2 that of the FTSE 350 Index has been 3.4%. 1.1 1.1 Over the past year, BP PLC's stock price performance of 1.0 1.0 37.8% has outperformed that of the FTSE 350 Index by 1.0 1.0 13.4%. On a year-to-date basis, BP PLC's stock price performance of 25.7% has 0.9 0.9 outperformed the FTSE 350 Index by 15.5%. 0.8 0.8 Over the past week, BP PLC's stock price performance of 0.7 BP.:LN 0.7 5.1% has outperformed that of the FTSE 350 Index by 4.8%. 0.6 0.6

0.6 0.6

0.5 0.5

0.4 0.4 2017 2018 2019 2020 2021 2022

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % -15.7 -1.5 -5.6 Gross Margin % 21.6 15.8 14.3 Revenues Per Share % -16.4 -3.3 -6.2 EBITDA Margin % 11.8 10.0 9.0 EBITDA % -12.9 21.2 -4.8 Pre-Tax Margin % 7.6 0.0 1.8 EPS Diluted % 300.5 999.9 38.1 Net Margin % 277.9 26.8 14.7 Free Cash Flow % 7.3 999.9 999.9 Return on Equity % 100.0 9.1 9.1 Cash from Operations % -4.7 4.1 9.1 Return on Capital % 100.0 9.8 8.4 Book Value % -9.6 -5.2 -2.3 Return on Assets % 100.0 9.9 6.8

Revenue (M) BP PLC's cumulative annualized revenue growth Current: 132354.95 Median: 180183.49 High: 237540.15 Low: 132354.95 CAGR: -3.2% rate over the charted period is 258,577.2 258,577.2 237,540.1 -3.2%. This compares to 213,865.7 cumulatative annualized 214,750.0 214,750.0 growth of -15.7% over the past 180,183.5 3 years.

170,922.9 150,774.6 170,922.9 132,354.9 127,095.7 127,095.7 2017 2018 2019 2020 2021 BP PLC's cumulative EPS Diluted annualized EPS growth rate Current: -0.74 Median: 0.13 High: 0.37 Low: -0.85 CAGR: -0.2% over the charted period is 0.61 0.61 -0.2%. This compares to 0.37 cumulatative annualized 0.13 0.15 0.11 0.00 0.11 growth of 300.5% over the past 3 years. -0.40 -0.40 -0.74 -0.91 -0.91 2016 2017 2018 2019 2020 2021

Net Profit Margin % BP PLC's net profit margin of 277.9% is 251.1% above the Current: 277.91 Median: 1.64 High: 277.91 Low: -11.59 CAGR: 32.3% period's mean net margin of 292.4 292.4 26.8%. During the charted period, the observed net profit 186.2 186.2 margin high and low were 277.9% and -11.6% 80.1 80.1 respectively. Mean (26.78) -26.1 -26.1 2016 2017 2018 2019 2020 2021 BP PLC's return on equity of Return on Equity % 100.0% is 90.9% above the Current: 100.00 Median: 3.95 High: 100.00 Low: -28.60 CAGR: 15.7% period's mean return on equity 106.4 106.4 of 9.1%. During the charted period, the observed ROE 59.3 59.3 high and low were 100.0% and -28.6% respectively. 12.1 Mean (9.07) 12.1

-35.0 -35.0 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 0.2 32.2 21.8 Earnings Yield % 100.00 3.11 4.59

Price / Sales 0.5 0.5 0.4 Free Cash Flow Yield % 9.14 4.51 1.65

Price / Operating Cash Flow 0.2 6.4 5.9 Dividend Yield % 3.66 4.75 6.44

Price / Book Value 1.1 1.2 1.2 Enterprise Value / EBITDA 6.1 6.2 5.4

Price / EPS TTM BP PLC is trading at 0.19 times its EPS generated Current: 0.19 Median: 32.15 High: 99.90 Low: 0.17 CAGR: -71.5% during the latest fiscal year. 104.9 104.9 This multiple is below the historically observed median 68.3 68.3 of 32.15, while high and low observations have been 99.90

Median (32.15) and 0.17. 31.8 31.8

-4.8 -4.8 2016 2017 2018 2019 2020 2021 Price / Sales BP PLC is trading at a Price to Sales ratio of 0.53 based on Current: 0.53 Median: 0.49 High: 0.72 Low: 0.23 CAGR: -3.4% sales generated during the 0.74 0.74 latest fiscal year. This ratio is above the historically observed 0.56 0.56 median ratio of 0.49, while Median (0.49) high and low observations have been 0.72 and 0.23. 0.39 0.39

0.21 0.21 2016 2017 2018 2019 2020 2021 BP PLC is trading at a Price to Price / Book Value Book ratio of 1.14 based on Current: 1.14 Median: 1.24 High: 1.64 Low: 0.68 CAGR: -1.4% book value at the latest fiscal 1.7 1.7 year end. This ratio is below the historically observed median of 1.24, while high and 1.3 1.3 Median (1.24) low observations have been 1.64 and 0.68. 1.0 1.0

0.6 0.6 2016 2017 2018 2019 2020 2021 BP PLC has a Free Cash Flow Free Cash Flow Yield % Yield of 9.14% based on free Current: 9.14 Median: 4.51 High: 15.58 Low: 0.00 CAGR: 1.8% cash flow generated during the 16.4 16.4 latest fiscal year. This value is above the historically observed median yield of 4.51%, while 10.6 10.6 high and low observations have been 15.58 and 0.00. 4.9 Median (4.51) 4.9

-0.8 -0.8 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Dividends Data

Dividends Per Share TTM 0.12 Payout Ratio TTM % 0.70% Dividend Yield TTM % 3.66%

Rate Ex Date Record Date Payment Date Currency Note 0.000 06-05-2021 07-05-2021 18-06-2021 1ST QUARTERLY DIVIDEND TO BE DECLARED IN USD AND TO BE PAID IN GBP 0.038 18-02-2021 19-02-2021 26-03-2021 GBP 4TH QUARTERLY DIVIDEND DECLARED AS USD0.0525 AND TO BE PAID IN GBP 0.039 05-11-2020 06-11-2020 18-12-2020 GBP 3RD QUARTERLY DIVIDEND DECLARED AS USD0.0525 AND TO BE PAID IN GBP 0.040 13-08-2020 14-08-2020 25-09-2020 GBP INTERIM GROSS. DECLARED AS USD0.0525 AND TO BE PAID IN GBP 0.083 07-05-2020 11-05-2020 19-06-2020 GBP 1ST QUARTERLY DIVIDEND DECLARED AS USD0.105 AND TO BE PAID IN GBP 0.082 13-02-2020 14-02-2020 27-03-2020 GBP 4TH QUARTERLY DIVIDEND DECLARED AS USD0.105 AND TO BE PAID IN GBP 0.078 07-11-2019 08-11-2019 20-12-2019 GBP 3RD QUARTERLY DIVIDEND DECLARED AS USD0.1025 AND TO BE PAID IN GBP 0.000 08-08-2019 09-08-2019 20-09-2019 2ND QUARTERLY DIVIDEND DECLARED IN USD AND TO BE PAID IN GBP 0.081 09-05-2019 10-05-2019 21-06-2019 GBP 1ST QUARTERLY DIVIDEND DECLARED AS USD0.1025 AND TO BE PAID IN GBP 0.000 14-02-2019 15-02-2019 29-03-2019 4TH QUARTERLY GROSS DECLARED AS USD0.1025 AND TO BE PAID IN GBP 0.000 08-11-2018 09-11-2018 21-12-2018 3RD QUARTERLY DIVIDEND DECLARED AS USD0.1025 AND TO BE PAID IN GBP 0.079 09-08-2018 10-08-2018 21-09-2018 GBP 2ND QUARTERLY DIVIDEND DECLARED AS USD0.1025 AND TO BE PAID IN GBP

Dividend Growth and Yield

Dividends Per Share TTM BP PLC's trailing 12-month dividend per share is 0.12 and Current: 0.12 Median: 0.23 High: 0.38 Low: 0.08 CAGR: -21.5% its dividend has grown at a 0.39 0.39 cumulative annualized rate of -21.5% over the charted 0.34 0.34 period. This compares to dividend growth of -51.80% 0.29 0.29 over the past year and cumulative annualized growth of -19.50% over the past 3 0.23 0.23 years.

0.18 0.18

0.12 0.12

0.07 0.07 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % BP PLC's current dividend yield is 3.66% based on Current: 3.66 Median: 4.75 High: 14.43 Low: 1.58 CAGR: -16.3% trailing 12 month dividends. 15.07 15.07 The current yield is below the historically observed median 12.72 12.72 of 4.75% and, over the charted time period, the observed high 10.36 10.36 yield has been 14.43% and the observed low yield has been 1.58%. 8.01 8.01

5.65 5.65

3.29 3.29

0.94 0.94 2016 2017 2018 2019 2020 2021

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -13.0 8.5 29.9 51.4 72.8 -51.8 -38.3 -24.9 -11.4 2.1

PJSC Gazprom 68.9 China Petroleum & Chemical Corp -8.3 Novatek Joint Stock Co 56.2 Novatek Joint Stock Co -19.5 Gazprom Neft PJSC 48.0 Rosneft Oil Co OJSC (Moscow) -21.7 Rosneft Oil Co OJSC (Moscow) 47.2 TotalEnergies SE -28.0 PJSC Lukoil 37.3 PJSC Lukoil -31.2 Peer Group Average 28.4 PJSC Gazprom -32.0 BP PLC 25.7 Peer Group Average -32.0 Royal Dutch Shell Plc 17.8 Gazprom Neft PJSC -36.0 TotalEnergies SE 10.0 Royal Dutch Shell Plc -41.9 China Petroleum & Chemical Corp 1.8 Surgutneftegas PJSC -42.7 Tatneft PJSC 1.3 Tatneft PJSC -44.8 Surgutneftegas PJSC -2.0 BP PLC -46.0 -13.0 8.5 29.9 51.4 72.8 -51.8 -38.3 -24.9 -11.4 2.1

Price / EPS TTM Price / Book Value 0.0 26.2 52.4 78.7 104.9 0.0 13.1 26.2 39.3 52.3

Novatek Joint Stock Co 99.9 China Petroleum & Chemical Corp 49.9 PJSC Gazprom 99.9 Novatek Joint Stock Co 35.4 PJSC Lukoil 99.9 Peer Group Average 9.8 China Petroleum & Chemical Corp 99.9 Tatneft PJSC 7.9 Gazprom Neft PJSC 99.2 Gazprom Neft PJSC 5.4 Tatneft PJSC 68.9 Surgutneftegas PJSC 2.3 Peer Group Average 61.6 Rosneft Oil Co OJSC (Moscow) 1.4 Rosneft Oil Co OJSC (Moscow) 41.5 PJSC Gazprom 1.2 Royal Dutch Shell Plc 29.8 BP PLC 1.1 TotalEnergies SE 19.4 TotalEnergies SE 1.1 Surgutneftegas PJSC 18.9 PJSC Lukoil 1.1 BP PLC 0.2 Royal Dutch Shell Plc 1.0 0.0 26.2 52.4 78.7 104.9 0.0 13.1 26.2 39.3 52.3

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -205.0 110.6 426.1 741.7 1,057.3 -5.6 -2.0 1.6 5.2 8.8

BP PLC 999.9 Novatek Joint Stock Co 8.1 Gazprom Neft PJSC 6.7 Royal Dutch Shell Plc 999.9 Tatneft PJSC 5.7 Peer Group Average 242.6 Rosneft Oil Co OJSC (Moscow) 2.0

China Petroleum & Chemical Corp 17.6 Peer Group Average 1.8 PJSC Gazprom 1.7 TotalEnergies SE 13.0 TotalEnergies SE 1.5 Surgutneftegas PJSC -3.0 Surgutneftegas PJSC 1.1

Rosneft Oil Co OJSC (Moscow) -14.6 PJSC Lukoil -0.6 Royal Dutch Shell Plc -1.4 PJSC Gazprom -28.5 BP PLC -1.5 PJSC Lukoil -43.3 China Petroleum & Chemical Corp -3.8 -205.0 110.6 426.1 741.7 1,057.3 -5.6 -2.0 1.6 5.2 8.8

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Energy/Integrated Oil and Gas Price: 320.20 GBX Report Date: September 24, 2021

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