BP (CHIX:BPL) ROCE %: 17.33% (As of Mar. 2026)


CHIX:BPL BP PLC CHIX:BPL
66 GF Score
Price £5.00
GF Value £4.66
Valuation Fairly Valued
! 6 Warning Signs
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What is BP ROCE %?

BP CHIX:BPL +0.16% 66 ROCE % is 17.33% as of Mar. 2026. GuruFocus rates CHIX:BPL with a GF Score™ of 66/100 and a GF Value™ of £4.66 (Fairly Valued). The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. BP's annualized ROCE % for the quarter that ended in Mar. 2026 was 17.33%.

BP  (CHIX:BPl) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

BP ROCE % Related Terms

BP ROCE % Historical Data

* Premium members only.

The historical data trend for BP's ROCE % 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.

BP ROCE % Chart

BP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.60 9.52 14.11 5.77 6.28

BP Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.84 8.04 9.01 -0.39 17.33
CHIX:BPL
66GF Score
BP PLC CHIX:BPL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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BP ROCE % Calculation

BP's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=9616.878/( ( (223242.348 - 65052.631) + (208058.922 - 60194.007) )/ 2 )
=9616.878/( (158189.717+147864.915)/ 2 )
=9616.878/153027.316
=6.28 %

BP's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=25620/( ( (208058.922 - 60194.007) + (226307.25 - 78529.5) )/ 2 )
=25620/( ( 147864.915 + 147777.75 )/ 2 )
=25620/147821.3325
=17.33 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 17.33% mean?
BP (CHIX:BPL) has a ROCE % of 17.33% as of Mar. 2026.
Is BP's ROCE % too high?
BP's current ROCE % is 17.33%. The Oil & Gas industry median ROCE % is 6.79. BP's value of 17.33% is 155.2% above this industry median. Overall, BP has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BP's ROCE % compare to XOM and CVX?
BP's ROCE % of 17.33% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. BP's value of 17.33% is 155.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BP's current ROCE % of 17.33% is 155.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BP's current ROCE % is 17.33%. 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 (CHIX:BPL) is currently considered Fairly Valued. The stock's GF Value™ is £4.66, compared to a current price of £5.00 — trading 7.3% above its estimated fair value. The current ROCE % is 17.33% and 155.2% above the Oil & Gas industry median of 6.79. BP's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For BP (CHIX:BPL), the current ROCE % is 17.33% 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 (CHIX:BPL) Overvalued in 2026?

Based on GuruFocus' analysis, BP stock appears to be overvalued. The current stock price of £5.00 is trading 7.3% above its estimated GF Value™ of £4.66. GuruFocus considers BP to be Fairly Valued.

Key valuation signals for CHIX:BPL:

  • ROCE %: 17.33%
  • GF Value™: £4.66 vs. price of £5.00 (7.3% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 155.2% above the Oil & Gas median

No single metric tells the full story. See the CHIX:BPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BP Business Description

Industry EnergyOil & Gas
Address 1 St James\'s Square, London, GBR, SW1Y 4PD
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.
66GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£5.00
Price
£4.66
GF Value