BP's gross profit for the
three
months ended in Mar. 2026 was $12,629 Mil. BP's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $37,717 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. BP's gross profit for the
three
months ended in Mar. 2026 was $12,629 Mil. BP's Revenue for the
three
months ended in Mar. 2026 was $52,255 Mil. Therefore, BP's Gross Margin % for the quarter that ended in Mar. 2026 was 24.17%.
BP had a gross margin of 24.17% for the quarter that ended in Mar. 2026 => Competition eroding margins
During the past 13 years, the highestGross Margin % of BP was 22.88%. The lowest was 3.56%. And the median was 15.24%.
BP (LTS:0HKP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
BP had a gross margin of 24.17% for the quarter that ended in Mar. 2026 => Competition eroding margins
BP Gross Profit Related Terms
BP Gross Profit Historical Data
* Premium members only.
The historical data trend for BP's Gross Profit 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.
For the Oil & Gas Integrated subindustry, BP's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, BP's Gross Profit distribution charts can be found below:
* The bar in red indicates where BP's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $37,717 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
BP's Gross Margin % for the quarter that ended in Mar. 2026 is calculated as
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
BP (LTS:0HKP) has a Gross Profit of $37,717 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on BP and its competitors.
Is BP's Gross Profit too high?
BP's current Gross Profit is $37,717 Mil. Overall, BP has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BP's Gross Profit compare to XOM and CVX?
BP's Gross Profit of $37,717 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Oil & Gas company?
A good Gross Profit depends on the Oil & Gas industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on BP and its competitors. BP's current Gross Profit is $37,717 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BP stock overvalued right now?
Based on GuruFocus' analysis, BP (LTS:0HKP) is currently considered Fairly Valued. The stock's GF Value™ is $36.82, compared to a current price of $37.00 — trading 0.5% above its estimated fair value. The current Gross Profit is $37,717 Mil. BP's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For BP (LTS:0HKP), the current Gross Profit is $37,717 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BP (LTS:0HKP) Overvalued in 2026?
Based on GuruFocus' analysis, BP stock appears to be overvalued.
The current stock price of $37.00 is trading 0.5% above its estimated GF Value™ of $36.82.
GuruFocus considers BP to be Fairly Valued.
Key valuation signals for LTS:0HKP:
Gross Profit: $37,717 Mil
GF Value™: $36.82 vs. price of $37.00 (0.5% above fair value)
No single metric tells the full story. See the LTS:0HKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BP is an integrated energy company that explores for, produces, and refines oil and gas around the world. In 2025, it produced 1.2 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At the end of 2025, proved hydrocarbon reserves stood at 6.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a total crude distillation capacity of 1.56 million barrels of oil per day.
70GF Score
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Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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