BP Plc. (ADR) (NYSE: BP) today reported its third-quarter financial results. The company reported strong operating performance across the group, which helped it return to profit in the third quarter of 2010, despite a charge of $7.7 billion incurred by it. The charge relates to oil spill in the Gulf of Mexico.
- BP’s headline replacement cost profit for the third quarter of 2010 was $1.8 billion.
- BP’s replacement cost profit, after adjusting for one-time item, was $5.5 billion.
Bob Dudley, BP Plc’s CEO, said that the company’s third-quarter results show that it is well on track for recovery after the tragic accident on the Deepwater Horizon drilling rig and subsequent oil spill. Dudley said that the company made good progress during the third quarter and the strong operating performance shows the determination of everyone at the company to move forward and rebuild confidence after the terrible events of the past six months.
London, United Kingdom-based BP Plc is an integrated oil and gas company. The company has operations in over 80 countries. The company offers its customers worldwide fuel for transporation, energy for heat and light, retail services and petrochemical products.
Key Financial Stats
Valuation
- Price/Earnings(TTM) –
- Price/Cash Flow 12.30
- Price/Sales (TTM) 0.45
- Price/Book 1.49
Financial Strength
- Quick Ratio (MRQ) 0.60
- Current Ratio (MRQ) 1.00
- LT Debt to Equity (MRQ) 0.26
- Total Debt to Capital (MRQ) 0.36
- Return on Equity –
Assets
- Asset Turnover 1.20
- Asset per Employee .8M
- Inventory Turnover 13.00
Per Share Data
- Earnings (TTM) -0.51
- Current P/E Ratio 1.00
- Cash Flow 3.31
- Annual Dividend 0.00
- Book Value 27.30
- EBITDA 0.10
Profitability
- Market Cap -0.51
- Gross Margin (TTM) 7.00
- Operating Margin (TTM) 0.10
- Profit Margin (TTM) -0.50
Management Effectiveness
- Return on Equity (TTM) –
- Return on Assets (TTM) -0.60%
- Return on Investment (TTM) -1.30%
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