BP PLC, current enterprise value calculation

Current share price (P)	$41.74
No. shares of common stock outstanding	3,334,326,882
US$ in millions
Common equity (market value)¹	139,175)
Add: Non-controlling interests (per books)	1,201)
Total equity	140,376)
Add: Current finance debt (per books)	6,877)
Add: Non-current finance debt (per books)	45,977)
Total equity and debt	193,230)
Less: Other investments	329)
Less: Cash and cash equivalents	29,763)
Enterprise value (EV)	163,138)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 41.74 × 3,334,326,882

BP PLC, EV calculation

	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010
Share price^1, 2	$41.74	$48.79	$40.71	$46.23	$47.74
No. shares of common stock outstanding¹	3,334,326,882	3,404,438,755	3,189,291,886	3,162,650,443	3,132,743,549
US$ in millions
Common equity (market value)³	139,175)	166,103)	129,836)	146,209)	149,557)
Add: Non-controlling interests (book value)	1,201)	1,105)	1,206)	1,017)	904)
Total equity	140,376)	167,208)	131,042)	147,226)	150,461)
Add: Current finance debt (book value)	6,877)	7,381)	10,030)	9,044)	14,626)
Add: Non-current finance debt (book value)	45,977)	40,811)	38,767)	35,169)	30,710)
Total equity and debt	193,230)	215,400)	179,839)	191,439)	195,797)
Less: Other investments	329)	467)	319)	288)	1,532)
Less: Cash and cash equivalents	29,763)	22,520)	19,548)	14,067)	18,556)
Enterprise value (EV)	163,138)	192,413)	159,972)	177,084)	175,709)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of BP PLC Annual Report.

³ 2014 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 41.74 × 3,334,326,882

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	BP PLC EV increased from 2012 to 2013 but then slightly decreased from 2013 to 2014 not reaching 2012 level.

BP PLC (NYSE:BP)

Enterprise Value (EV)