BP (BP) Days Payable

: 113.57 (As of Dec. 2023)

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BP's average Accounts Payable for the three months ended in Dec. 2023 was $51,423 Mil. BP's Cost of Goods Sold for the three months ended in Dec. 2023 was $41,318 Mil. Hence, BP's Days Payable for the three months ended in Dec. 2023 was 113.57.

The historical rank and industry rank for BP's Days Payable or its related term are showing as below:

BP' s Days Payable Range Over the Past 10 Years
Min: 28.25 Med: 60.55 Max: 119.56
Current: 119.56

During the past 13 years, BP's highest Days Payable was 119.56. The lowest was 28.25. And the median was 60.55.

BP's Days Payable is ranked better than
71.75% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs BP: 119.56

BP's Days Payable increased from Dec. 2022 (104.42) to Dec. 2023 (113.57). It may suggest that BP delayed paying its suppliers.

BP Days Payable Historical Data

The historical data trend for BP's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.68

102.33

81.84

82.81

100.92

BP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															104.42	118.72	130.96	130.95	113.57

Competitive Comparison

For the Oil & Gas Integrated subindustry, BP's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BP Days Payable Distribution

For the Oil & Gas industry and Energy sector, BP's Days Payable distribution charts can be found below:

* The bar in red indicates where BP's Days Payable falls into.

BP Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

BP's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (47210	+	42406)	/	2 )	/	162058	*	365
=	44808					/	162058	*	365
=	100.92

BP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (60440	+	42406)	/	2 )	/	41318	*	365 / 4
=	51423					/	41318	*	365 / 4
=	113.57

BP Days Payable Related Terms

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BP (BP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (NYSE:BP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BPAQF:USA BP N:Mexico BPl:UK BP.B.PFD:UK BP.A.PFD:UK BP.:UK BPE5:Germany BSU:Germany BPE5:Germany BPE:Germany BPE5:Germany BPE:Germany BSU:Germany BPE5:Germany BPE:Germany B1PP34:Brazil BP:Argentina

Address

1 St James's Square, London, GBR, SW1Y 4PD

Website

https://www.bp.com

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Executives

Karen Richardson

Non-Executive Director