BP p.l.c. (LSE:BP) Annual Report 2021



The latest annual report of BP p.l.c. (BP) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - BP Annual Results

Amounts in USD

Total Revenue
156.79B
Gross Profit
38.09B
EBIT
13.01B
Net Tangible Assets
56.62B
Net Income
7.57B
Capital Expenditures
-10.89B

BP Income Statement 2021 Annual Report

As per the latest Income Statement of BP, the Net revenue increased by $51.114B (48%) compared to the previous period. The operating income in 2021 increased by $35.071B (159%). The net income as per the annual report was 7.57B which increased by $27.87B (137%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 156.79B 105.67B
Gross Profit 38.09B 25.75B
Operating Income 13.01B -22.06B
Income Before Tax 15.23B -24.89B
Net Income 7.57B -20.3B

Balance Sheet - BP 2021 Annual Report

Read further: BP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of BP p.l.c. showed the company reduced the cash on balance sheet by $-430.00M (-1%). The Net tangible assets of BP on the balance sheet were at 56.62B which is $3.962B (8%) more than previous annual report. The total stockholder equity also increased by $4.213B (6%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 30.68B 31.11B
Total Assets 287.27B 267.65B
Long Term Debt 55.62B 63.3B
Total Liabilities 196.83B 182.09B
Total Shareholder Equity 75.44B 71.23B
Net Tangible Assets 56.62B 52.66B

Cash Flow Statement - BP 2021 Annual Report

The 2021 annual cash flow statement of BP p.l.c. showed that the net income increased by $27.87B (137%) compared to previous reporting period. Also the capital expenditure of BP increased by $1.419B (12%).

As of 2021, the total cash from investing activities was -5.69B and total cash from financing activities was -18.08B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 7.57B -20.3B
Capital Expenditures -10.89B -12.31B
Dividends Paid -4.3B -6.34B
Total Cash From From Investing Activities -5.69B -7.86B
Total Cash From From Financing Activities -18.08B 3.96B

BP p.l.c. Annual Report History

Income Statement

Income Statement history of BP p.l.c. (LSE:BP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 156.79B 105.67B 158.11B 297.53B
Cost Of Revenue 118.7B 79.92B 112.08B 252.17B
Gross Profit 38.09B 25.75B 46.03B 45.36B
Research Development - - - -
Selling General Administrative 11.93B 10.43B 11.12B 12.31B
Non Recurring - - - -
Other Operating Expenses 377M 437M 505M 210M
Total Operating Expenses 143.78B 127.73B 142.45B 281.72B
Operating Income 13.01B -22.06B 15.66B 15.81B
Total Other Income Expense Net 2.22B -2.83B -7.51B 914M
Ebit 13.01B -22.06B 15.66B 15.81B
Interest Expense -1.82B -2.16B -2.42B -1.78B
Income Before Tax 15.23B -24.89B 8.15B 16.72B
Income Tax Expense 6.74B -4.16B 3.96B 7.14B
Minority Interest 14.98B 14.32B 2.3B 2.1B
Net Income From Continuing Ops 8.49B -20.73B 4.19B 9.58B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 7.57B -20.3B 4.03B 9.38B
Net Income Applicable To Common Shares 7.56B -20.31B 4.03B 9.38B

Balance Sheet Statement

Balance Sheet Statement history of BP p.l.c. (LSE:BP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 30.68B 31.11B 22.47B 22.47B
Short Term Investments 43M 16M 47M 222M
Net Receivables 28.04B 19.08B 26.06B 25.82B
Inventory 23.71B 16.87B 20.88B 17.99B
Other Current Assets 7.63B 4.63B 11.74B 3.85B
Total Current Assets 92.59B 72.98B 82.06B 71.31B
Long Term Investments 31.85B 28.4B 31.12B 27.66B
Property Plant Equipment 112.9B 114.84B 132.64B 135.26B
Good Will 12.37B 12.48B 11.87B 12.2B
Intangible Assets 6.45B 6.09B 15.54B 17.28B
Other Assets 31.11B 32.86B 21.96B 18.46B
Deferred Long Term Asset Charges 6.41B 7.74B 4.56B 3.71B
Total Assets 287.27B 267.65B 295.19B 282.18B
Accounts Payable 39.49B 24.52B 32.4B 28.62B
Short Long Term Debt 3.37B 8.12B 8.17B 7.18B
Other Current Liab 24.87B 17.23B 21.19B 23.34B
Long Term Debt 55.62B 63.3B 57.24B 55.8B
Other Liab 54.06B 51.65B 56B 55.97B
Minority Interest 14.98B 14.32B 2.3B 2.1B
Total Current Liabilities 80.29B 59.8B 73.59B 68.24B
Total Liab 196.83B 182.09B 194.49B 180.63B
Common Stock 5.19B 5.36B 5.38B 5.38B
Retained Earnings 51.81B 47.3B 73.71B 78.75B
Treasury Stock -21.52B -21.22B -20.32B -24.22B
Capital Surplus 39.95B 39.79B 39.62B 39.51B
Other Stockholder Equity -8.89B -8B -5.91B -8.45B
Total Stockholder Equity 75.44B 71.23B 98.39B 99.42B
Net Tangible Assets 56.62B 52.66B 70.98B 69.94B

Cash Flow Statement

Cash Flow Statement history of BP p.l.c. (LSE:BP)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 7.57B -20.3B 4.03B 9.38B
Depreciation 12.52B 36.59B 18.41B 16.68B
Change To Netincome 1.22B -4.77B 6.42B 588M
Change To Liabilities - - - -
Change To Inventory -7.46B 3.96B -3.41B 672M
Change To Operating Activities 9.77B -3.31B 312M -4.45B
Total Cash From Operating Activities 23.61B 12.16B 25.77B 22.87B
Capital Expenditures -10.89B -12.31B -15.42B -16.71B
Investments -1.77B -1.71B -441M -1.4B
Total Cashflows From Investing Activities -5.69B -7.86B -16.97B -21.57B
Dividends Paid -4.3B -6.34B -6.95B -6.7B
Net Borrowings -10.82B -1.12B -713M 3.15B
Other Cashflows From Financing Activities 224M 12.24B 353M -170M
Total Cash From Financing Activities -18.08B 3.96B -8.82B -4.08B
Effect Of Exchange Rate -269M 379M 25M -330M
Change In Cash -430M 8.64B 4M -3.11B
Repurchase Of Stock -3.18B -824M -1.51B -355M