Company Overview
Global integrated oil and gas company with operations spanning upstream exploration, downstream refining, and a growing renewable energy portfolio. BP produces approximately 2.3 million barrels of oil equivalent per day across 60+ countries.
Commodity Exposures
Price Sensitivity
BP exhibits approximately 0.78 correlation with Brent crude oil prices. A $10/barrel sustained move translates to roughly $3-4 billion in annual earnings impact. BP's growing renewables portfolio (solar, wind, EV charging) provides some diversification from pure hydrocarbon exposure, but oil and gas remain 85%+ of earnings.
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