BP (BP) Long-Term Capital Lease Obligation

: $8,471 Mil (As of Dec. 2023)

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BP's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8,471 Mil.

BP's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($8,496 Mil) to Sep. 2023 ($8,343 Mil) but then increased from Sep. 2023 ($8,343 Mil) to Dec. 2023 ($8,471 Mil).

BP's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($6,864 Mil) to Dec. 2022 ($6,447 Mil) but then increased from Dec. 2022 ($6,447 Mil) to Dec. 2023 ($8,471 Mil).

BP Long-Term Capital Lease Obligation Historical Data

The historical data trend for BP's Long-Term Capital Lease Obligation 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.

* Premium members only.

BP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

7,655.00

7,329.00

6,864.00

6,447.00

8,471.00

BP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																6,447.00	6,445.00	8,496.00	8,343.00	8,471.00

BP (NYSE:BP) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

BP Long-Term Capital Lease Obligation Related Terms

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BP (BP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (NYSE:BP) » Definitions » Long-Term Capital Lease Obligation

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