Stock Analysis on Net

BP PLC (NYSE:BP)

This company has been moved to the archive! The financial data has not been updated since March 3, 2015.

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

BP PLC, consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Sales and other operating revenues 353,568 379,136 375,580 375,517 297,107
Purchases (281,907) (298,351) (293,242) (285,618) (216,211)
Production and manufacturing expenses (27,375) (27,527) (33,911) (24,145) (64,615)
Cost of operating revenues (309,282) (325,878) (327,153) (309,763) (280,826)
Gross profit 44,286 53,258 48,427 65,754 16,281
Production and similar taxes (2,958) (7,047) (8,158) (8,280) (5,244)
Depreciation, depletion and amortization (15,163) (13,510) (12,481) (11,135) (11,164)
Impairment and losses on sale of businesses and fixed assets (8,965) (1,961) (6,275) (2,058) (1,689)
Exploration expense (3,632) (3,441) (1,475) (1,520) (843)
Distribution and administration expenses (12,696) (13,070) (13,357) (13,958) (12,555)
Fair value gain (loss) on embedded derivatives 430 459 347 68 (309)
Operating profit (loss) 1,302 14,688 7,028 28,871 (15,523)
Earnings from joint ventures and associates, after interest and tax 3,372 3,189 4,419 6,220 4,757
Interest and other income 843 777 1,590 596 681
Gains on sale of businesses and fixed assets 895 13,115 6,696 4,130 6,383
Finance costs (1,148) (1,068) (1,125) (1,246) (1,170)
Net finance income (expense) relating to pensions and other post-retirement benefits (314) (480) 201 263 47
Profit (loss) before taxation 4,950 30,221 18,809 38,834 (4,825)
Taxation (947) (6,463) (6,993) (12,737) 1,501
Profit (loss) for the year 4,003 23,758 11,816 26,097 (3,324)
Profit for the year attributable to non-controlling interests (223) (307) (234) (397) (395)
Profit (loss) for the year attributable to BP shareholders 3,780 23,451 11,582 25,700 (3,719)

Based on: 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).

Income statement item Description The company
Sales and other operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. BP PLC sales and other operating revenues increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.
Operating profit (loss) The net result for the period of deducting operating expenses from operating revenues. BP PLC operating profit (loss) increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.
Profit (loss) before taxation Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. BP PLC profit (loss) before taxation increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.
Profit (loss) for the year attributable to BP shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. BP PLC profit (loss) for the year attributable to BP shareholders increased from 2012 to 2013 but then decreased significantly from 2013 to 2014.