BP PLC income statement BPPFF
In fiscal 2025, which ended Dec 31, 2025, BP PLC reported revenue of $158.9 billion, down 1.4% from the year before. Net income was $1.3 billion, a profit margin of 0.8%. Operating income came to $12.6 billion, an operating margin of 8.0%. Across the 9 fiscal years shown, revenue shrank from $238.2 billion in fiscal 2017 to $158.9 billion in fiscal 2025, about 4.9% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
158,879
-1.4%
|
161,064
-5.9%
|
171,221
-16.8%
|
205,829
+49.8%
|
137,361
+54.1%
|
89,153
-35.2%
|
137,543
-9.4%
|
151,829
-36.3%
|
238,225
|
| Research and development |
274
-9.0%
|
301
+1.0%
|
298
+8.8%
|
274
+3.0%
|
266
-19.9%
|
332
-8.8%
|
364
-15.2%
|
429
+9.7%
|
391
|
| Operating income |
12,642
+11.9%
|
11,297
-58.7%
|
27,348
+51.6%
|
18,039
-0.2%
|
18,082
+183.2%
|
-21,740
-285.7%
|
11,706
-39.6%
|
19,378
+104.5%
|
9,474
|
| Pretax income |
7,746
+14.2%
|
6,782
-71.4%
|
23,749
+54.2%
|
15,405
+1.2%
|
15,227
+161.2%
|
-24,888
-405.2%
|
8,154
-51.2%
|
16,723
+132.9%
|
7,180
|
| Income tax |
6,451
+16.2%
|
5,553
-29.4%
|
7,869
-53.1%
|
16,762
+148.7%
|
6,740
+262.1%
|
-4,159
-204.9%
|
3,964
-44.5%
|
7,145
+92.5%
|
3,712
|
| Net income |
1,295
+5.4%
|
1,229
-92.3%
|
15,880
+1270.2%
|
-1,357
-116.0%
|
8,487
+140.9%
|
-20,729
-594.7%
|
4,190
-56.3%
|
9,578
+176.2%
|
3,468
|
| Other measures | |||||||||
| Depreciation and amortization |
17,822
+7.2%
|
16,622
+4.4%
|
15,928
+11.2%
|
14,318
-3.3%
|
14,805
-0.6%
|
14,889
-16.3%
|
17,780
+15.0%
|
15,457
-0.8%
|
15,584
|
| EBITDA |
30,464
+9.1%
|
27,919
-35.5%
|
43,276
+33.7%
|
32,357
-1.6%
|
32,887
+580.0%
|
-6,851
-123.2%
|
29,486
-15.4%
|
34,835
+39.0%
|
25,058
|
| Interest coverage |
2.48x
|
2.41x
|
7.12x
|
6.67x
|
6.33x
|
-6.98x
|
3.36x
|
8.82x
|
5.51x
|
| Margins | |||||||||
| Operating margin |
7.96%
|
7.01%
|
15.97%
|
8.76%
|
13.16%
|
-24.39%
|
8.51%
|
12.76%
|
3.98%
|
| Pretax margin |
4.88%
|
4.21%
|
13.87%
|
7.48%
|
11.09%
|
-27.92%
|
5.93%
|
11.01%
|
3.01%
|
| Profit margin |
0.82%
|
0.76%
|
9.27%
|
-0.66%
|
6.18%
|
-23.25%
|
3.05%
|
6.31%
|
1.46%
|
| EBITDA margin |
19.17%
|
17.33%
|
25.27%
|
15.72%
|
23.94%
|
-7.68%
|
21.44%
|
22.94%
|
10.52%
|
| Effective tax rate |
83.28%
|
81.88%
|
33.13%
|
108.81%
|
44.26%
|
—
|
48.61%
|
42.73%
|
51.70%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Petroleum Refining (SIC 2911)
- Listed as
- BP (NYSE), BPAQF (OTC), BPPFF (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- United Kingdom
- Headquarters
- London, United Kingdom
- SEC filer status
- Large accelerated filer
- SEC CIK
- 313807
- Former names
- BP AMOCO PLC (until Apr 3, 2001); BRITISH PETROLEUM CO PLC (until Feb 9, 1998); BRITISH PETROLEUM COMPANY (until Feb 26, 1997)
Other Petroleum Refining companies
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- Equinor ASA EQNR
- Phillips 66 PSX
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.