March 23, 2026.
1. current value of the share
* Price: approx. EUR 6.41 (Xetra) / GBp 562.30 (LSE)
* Reference date: March 23, 2026
* Market capitalization: approx. 89 billion EUR
* Context: The share is currently experiencing a strong upward trend and is trading close to its 52-week high, driven by a significant rise in oil prices (Brent above USD 110).
2. p/e ratio (price/earnings ratio)
* Current P/E ratio (TTM): The reported P/E ratio fluctuates strongly due to special effects and volatile earnings. Adjusted values are currently around 12.6 to 14.5.
* Classification: * Historically: Compared to the 10-year average (often distorted by losses during the pandemic), the P/E ratio appears moderate. Compared to the extremely favorable values of 2023/24 (P/E ratio approx. 6-8), however, the share has become significantly more expensive.
* Competition: BP traditionally trades at a discount to US giants such as ExxonMobil or Chevron (P/E ratios often 15-20). Compared to its direct European rival Shell (P/E ratio approx. 14), BP is currently almost fairly valued.
3. dividend
* Dividend yield: approx. 4.4 % to 4.6 % (based on the current share price).
* Development (5 years): After the drastic cut in 2020, BP has continuously increased the dividend (average growth of approx. 8-10% per year over the last three years).
* Security (payout ratio): The ratio is in a healthy range of around 30-40% in relation to free cash flow. Thanks to strict cost discipline and the ongoing divestment program (e.g. shares in Castrol), the dividend is considered secure provided the oil price does not fall below USD 60-70 in the long term.
4. share price performance & chart analysis
Last 12 months (trend: bullish)
The share price rose by around 25 % over the year. A significant low was reached in April 2025 at around EUR 3.90. Since the beginning of 2026, there has been a steep upward breakout (+30% YTD) as geopolitical tensions fueled the Brent oil price and BP was able to massively beat earnings expectations for Q4 2025.
Last 5 years (trend: recovery & transformation)
* Low point: The aftermath of the pandemic and the change in strategy weighed on the share price for a long time.
* High: In March 2026, the share price reached a 5-year high of around EUR 6.65.
* Reasons: The market is increasingly rewarding the strategy of "pragmatic transformation". Although BP is investing in renewables, it remains more focused on its highly profitable core oil and gas business than before.
5. conclusion
BP shares are currently of particular interest to dividend collectors and value investors who want to benefit from high energy prices without paying the extremely high valuations of US companies. However, the sharp rise in the share price in recent weeks means that the short-term upside potential is limited; the share is therefore more suitable as a solid holding position with an attractive cash flow.
