BPBP p.l.c.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -64% · now at/near its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can BP take a bad year?
BP p.l.c. carries $25.0B of net debt at 0.74× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2025 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.74×
Net debt / EBITDA · 0.68× a year ago · the load is going up
- Interest cover
- 3.42×
Interest cover · operating profit covers the interest bill, with room to spare
- Annualised volatility
- 29%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2025
- $60.3B
- Cash and short-term investments
- $35.3B
- Net debt
- $25.0B
- EBITDA, trailing twelve months
- $33.6B
- Operating profit, trailing twelve months
- $16.6B
- Debt / equity
- 1.02×
- Total debt / EBITDA
- 1.79×
- Annualised volatilitytwo years of daily moves
- 29%
- Worst drawdown on file
- −64%
- Below its 52-week high
- 1.8%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Integrated
Ranks #8 of 12 by RyuScore