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)

20212020
Total Revenue156.79B105.67B
Gross Profit38.09B25.75B
Operating Income13.01B-22.06B
Income Before Tax15.23B-24.89B
Net Income7.57B-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)

20212020
Cash30.68B31.11B
Total Assets287.27B 267.65B
Long Term Debt55.62B63.3B
Total Liabilities196.83B 182.09B
Total Shareholder Equity75.44B71.23B
Net Tangible Assets56.62B52.66B

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)

20212020
Net Income7.57B-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-18.08B3.96B

BP p.l.c. Annual Report History

Income Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue156.79B105.67B158.11B297.53B
Cost Of Revenue118.7B79.92B112.08B252.17B
Gross Profit38.09B25.75B46.03B45.36B
Research Development----
Selling General Administrative11.93B10.43B11.12B12.31B
Non Recurring----
Other Operating Expenses377M437M505M270M
Total Operating Expenses143.78B127.73B142.45B281.78B
Operating Income13.01B-22.06B15.66B15.75B
Total Other Income Expense Net2.22B-2.83B-7.51B974M
Ebit13.01B-22.06B15.66B15.75B
Interest Expense-1.82B-2.16B-2.42B-1.78B
Income Before Tax15.23B-24.89B8.15B16.72B
Income Tax Expense6.74B-4.16B3.96B7.14B
Minority Interest14.98B14.32B2.3B2.1B
Net Income From Continuing Ops8.49B-20.73B4.19B9.58B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income7.57B-20.3B4.03B9.38B
Net Income Applicable To Common Shares7.56B-20.31B4.03B9.38B

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash30.68B31.11B22.47B22.47B
Short Term Investments43M16M47M222M
Net Receivables28.04B19.08B26.06B25.82B
Inventory23.71B16.87B20.88B17.99B
Other Current Assets7.63B4.63B11.74B3.85B
Total Current Assets92.59B72.98B82.06B71.31B
Long Term Investments31.85B28.4B31.12B27.66B
Property Plant Equipment112.9B114.84B132.64B135.26B
Good Will12.37B12.48B11.87B12.2B
Intangible Assets6.45B6.09B15.54B17.28B
Other Assets31.11B32.86B21.96B18.46B
Deferred Long Term Asset Charges6.41B7.74B4.56B3.71B
Total Assets287.27B267.65B295.19B282.18B
Accounts Payable39.49B24.52B32.4B28.62B
Short Long Term Debt3.37B8.12B8.17B7.18B
Other Current Liab24.87B17.23B21.19B23.34B
Long Term Debt55.62B63.3B57.24B55.8B
Other Liab54.06B51.65B56B55.97B
Minority Interest14.98B14.32B2.3B2.1B
Total Current Liabilities80.29B59.8B73.59B68.24B
Total Liab196.83B182.09B194.49B180.63B
Common Stock5.19B5.36B5.38B5.38B
Retained Earnings51.81B47.3B73.71B78.75B
Treasury Stock-21.52B-21.22B-20.32B-24.22B
Capital Surplus39.95B39.79B39.62B39.51B
Other Stockholder Equity-8.89B-8B-5.91B-8.45B
Total Stockholder Equity75.44B71.23B98.39B99.42B
Net Tangible Assets56.62B52.66B70.98B69.94B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income7.57B-20.3B4.03B9.38B
Depreciation12.52B36.59B18.41B16.68B
Change To Netincome1.22B-4.77B6.42B588M
Change To Liabilities----
Change To Inventory-7.46B3.96B-3.41B672M
Change To Operating Activities9.77B-3.31B312M-4.45B
Total Cash From Operating Activities23.61B12.16B25.77B22.87B
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-713M3.15B
Other Cashflows From Financing Activities224M12.24B353M-170M
Total Cash From Financing Activities-18.08B3.96B-8.82B-4.08B
Effect Of Exchange Rate-269M379M25M-330M
Change In Cash-430M8.64B4M-3.11B
Repurchase Of Stock-3.18B-824M-1.51B-355M