PerpEquities

Equity

BP p.l.c. (BP) perpetual futures

BP perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade BPUSDT.

BP p.l.c. is a global energy company operating in gas and low carbon energy, oil production and operations, and customer products, including retail fuel, Castrol lubricants, EV charging and refining.

$48.74+3.9%NYSE open
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TradingView symbol NYSE:BP

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Trading data

Perpetual market activity

1/2 live markets
Venues
2
Live markets
1/2
24h volume
$30.9K
Open interest
$64.2K
Best liquidity
$20.5K
MEXC
Tightest spread
+2.1 bps
MEXC
Highest volume
$30.9K
MEXC
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $595M
OI / float
0.00%
Float $3.5B
Spot performance
1D+3.85%
5D+4.79%
1M+5.66%
6M+5.11%
YTD+39.74%
1Y+46.57%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeBPSTOCK/USDTTrading$48.74-7.2% APR
-0.00660% every 8h
+2.1 bps$20.5K$30.9K$64.2KUSDT20x
XT.comTradeBP/USDTTrading------USDT10x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +56.6 bps

Cheapest execution: MEXC · +56.6 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 51m ago
Market cap
$127.4B
Updated 51m ago
Revenue
$218.2B
Trailing 12 months
Revenue growth
+21%
Next fiscal year
Profit margin
+2.5%
P/E
23.4
Peer P/E 17.3
Free cash flow
$16.1B
Trailing 12 months
More metrics
Net income
$5.5B
Trailing 12 months
P/S
0.6
Peer P/E
17.3
Similar listed perps
Revenue estimate
$229B
Next fiscal year
Earnings
2026-10-30
Revenue est. $60.3B · Updated 51m ago
Dividend
$0.52
2026-08-14

Fundamental detail

Annual + quarterly
Latest revenue$189.3B
Net margin0.0%
Free cash flow$11.3B
Net debt$47.7B
2020$105.9B
2021$157.7B
2022$241.4B
2023$210.1B
2024$189.2B
2025$189.3B
PeriodRevenueGrowthNet incomeFCF
2020$105.9B-33%-$20.3B-$144M
2021$157.7B+49%$7.6B$12.7B
2022$241.4B+53%-$2.5B$28.9B
2023$210.1B-13%$15.2B$17.8B
2024$189.2B-10%$381M$12B
2025$189.3B0%$55M$11.3B
PeriodGross marginOperating marginNet marginROEROA
2020+9.6%-0.5%-19.2%-28.5%-7.6%
2021+14.5%+6.8%+4.8%+10.0%+2.6%
2022+22.8%+17.2%-1.0%-3.7%-0.9%
2023+22.9%+14.8%+7.3%+21.7%+5.4%
2024+16.0%+6.8%+0.2%+0.6%+0.1%
2025+17.7%+8.2%0.0%+0.1%0.0%
PeriodCashDebtNet debtCurrent ratio
2020$29.2B$81.9B$52.7B1.22
2021$25.9B$69.8B$43.8B1.15
2022$23.3B$55.5B$32.2B1.09
2023$27.7B$63.1B$35.3B1.21
2024$34.4B$71.5B$37.2B1.25
2025$36.6B$84.3B$47.7B1.26
PeriodMarket capEnterprise valueP/SP/E
2020$69.2B$121.9B0.7-3.4
2021$89.3B$133.2B0.611.8
2022$110.5B$142.7B0.5-44.2
2023$102.4B$137.8B0.56.7
2024$80.7B$117.9B0.4211.1
2025$90.2B$137.9B0.51,653.8
Q3 2024$47.3B
Q4 2024$45.8B
Q1 2025$46.9B
Q2 2025$46.6B
Q3 2025$48.4B
Q4 2025$47.4B
Q1 2026$52.3B
Q2 2026$70.1B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$47.3B-11%$206M$2.5B
Q4 2024$45.8B-12%-$2B$3.5B
Q1 2025$46.9B-4%$687M-$517M
Q2 2025$46.6B-1%$1.6B$3B
Q3 2025$48.4B+2%$1.2B$4.6B
Q4 2025$47.4B+4%-$3.4B$4.1B
Q1 2026$52.3B+11%$3.8B-$382M
Q2 2026$70.1B+50%$3.9B$7.8B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+15.9%+6.8%+0.4%+0.3%+0.1%
Q4 2024+12.7%+3.3%-4.3%-3.3%-0.7%
Q1 2025+18.0%+8.4%+1.5%+1.2%+0.2%
Q2 2025+18.3%+8.9%+3.5%+2.7%+0.6%
Q3 2025+18.3%+9.0%+2.4%+2.0%+0.4%
Q4 2025+16.2%+6.3%-7.2%-6.5%-1.2%
Q1 2026+24.2%+15.2%+7.3%+6.9%+1.3%
Q2 2026+27.6%+12.8%+5.6%+6.7%+1.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$34.6B$68.5B$33.9B1.22
Q4 2024$34.4B$71.5B$37.2B1.25
Q1 2025$33.8B$71.1B$37.4B1.22
Q2 2025$35.1B$75B$39.9B1.21
Q3 2025$34.9B$74.8B$39.9B1.19
Q4 2025$36.6B$84.3B$47.7B1.26
Q1 2026$35.7B$74.2B$38.5B1.22
Q2 2026$37.2B$72.7B$35.5B1.27
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$85.4B$119.3B1.8103.8
Q4 2024$78.3B$115.4B1.7-10.0
Q1 2025$88.9B$126.2B1.932.5
Q2 2025$78B$118B1.712.1
Q3 2025$89.1B$129B1.819.1
Q4 2025$89.2B$136.9B1.9-6.6
Q1 2026$121.2B$159.7B2.37.8
Q2 2026$95.6B$131.1B1.46.2

Refreshed 51m ago

Charts: revenue, profit, cash flow & valuation
Revenue$70.1BQ2 2026
$17.5B$35.1B$52.6B$70.1BQ3 2023: $53.3BQ4 2023: $52.1BQ1 2024: $48.9BQ2 2024: $47.3BQ3 2024: $47.3BQ4 2024: $45.8BQ1 2025: $46.9BQ2 2025: $46.6BQ3 2025: $48.4BQ4 2025: $47.4BQ1 2026: $52.3BQ2 2026: $70.1BQ3 2023Q2 2026
Net income$3.9BQ2 2026
-$1.4B$718M$2.8B$4.9BQ3 2023: $4.9BQ4 2023: $371MQ1 2024: $2.3BQ2 2024: -$129MQ3 2024: $206MQ4 2024: -$2BQ1 2025: $687MQ2 2025: $1.6BQ3 2025: $1.2BQ4 2025: -$3.4BQ1 2026: $3.8BQ2 2026: $3.9BQ3 2023Q2 2026
EBITDA$13.7BQ2 2026
$3.4B$6.8B$10.3B$13.7BQ3 2023: $12.5BQ4 2023: $6.6BQ1 2024: $9.9BQ2 2024: $6.6BQ3 2024: $6.6BQ4 2024: $5.2BQ1 2025: $8.6BQ2 2025: $8.8BQ3 2025: $9BQ4 2025: $4.3BQ1 2026: $13BQ2 2026: $13.7BQ3 2023Q2 2026
Free cash flow$7.8BQ2 2026
$1.6B$3.6B$5.7B$7.8BQ3 2023: $5.3BQ4 2023: $5.1BQ1 2024: $1.3BQ2 2024: $4.6BQ3 2024: $2.5BQ4 2024: $3.5BQ1 2025: -$517MQ2 2025: $3BQ3 2025: $4.6BQ4 2025: $4.1BQ1 2026: -$382MQ2 2026: $7.8BQ3 2023Q2 2026
EPS$1.44Q2 2026
-$0.58$0.17$0.91$1.66Q3 2023: $1.66Q4 2023: $0.13Q1 2024: $0.8Q2 2024: -$0.05Q3 2024: $0.07Q4 2024: -$0.74Q1 2025: $0.26Q2 2025: $0.62Q3 2025: $0.44Q4 2025: -$1.32Q1 2026: $1.44Q2 2026: $1.44Q3 2023Q2 2026
Cash / Debt$37.2BQ2 2026
$21.1B$42.1B$63.2B$84.3BQ3 2023 · Cash: $29.9BQ3 2023 · Debt: $59.7BQ4 2023 · Cash: $27.7BQ4 2023 · Debt: $63.1BQ1 2024 · Cash: $31.5BQ1 2024 · Debt: $64.1BQ2 2024 · Cash: $34.9BQ2 2024 · Debt: $65.7BQ3 2024 · Cash: $34.6BQ3 2024 · Debt: $68.5BQ4 2024 · Cash: $34.4BQ4 2024 · Debt: $71.5BQ1 2025 · Cash: $33.8BQ1 2025 · Debt: $71.1BQ2 2025 · Cash: $35.1BQ2 2025 · Debt: $75BQ3 2025 · Cash: $34.9BQ3 2025 · Debt: $74.8BQ4 2025 · Cash: $36.6BQ4 2025 · Debt: $84.3BQ1 2026 · Cash: $35.7BQ1 2026 · Debt: $74.2BQ2 2026 · Cash: $37.2BQ2 2026 · Debt: $72.7BQ3 2023Q2 2026
CashDebt
Profitability+27.6%Q2 2026
+1.5%+10.2%+18.9%+27.6%Q3 2023 · Gross margin: +23.7%Q4 2023 · Gross margin: +20.8%Q1 2024 · Gross margin: +20.0%Q2 2024 · Gross margin: +15.1%Q3 2024 · Gross margin: +15.9%Q4 2024 · Gross margin: +12.7%Q1 2025 · Gross margin: +18.0%Q2 2025 · Gross margin: +18.3%Q3 2025 · Gross margin: +18.3%Q4 2025 · Gross margin: +16.2%Q1 2026 · Gross margin: +24.2%Q2 2026 · Gross margin: +27.6%Q3 2023 · Operating margin: +15.2%Q4 2023 · Operating margin: +10.7%Q1 2024 · Operating margin: +10.9%Q2 2024 · Operating margin: +5.9%Q3 2024 · Operating margin: +6.8%Q4 2024 · Operating margin: +3.3%Q1 2025 · Operating margin: +8.4%Q2 2025 · Operating margin: +8.9%Q3 2025 · Operating margin: +9.0%Q4 2025 · Operating margin: +6.3%Q1 2026 · Operating margin: +15.2%Q2 2026 · Operating margin: +12.8%Q3 2023 · Net margin: +9.1%Q4 2023 · Net margin: +0.7%Q1 2024 · Net margin: +4.6%Q2 2024 · Net margin: -0.3%Q3 2024 · Net margin: +0.4%Q4 2024 · Net margin: -4.3%Q1 2025 · Net margin: +1.5%Q2 2025 · Net margin: +3.5%Q3 2025 · Net margin: +2.4%Q4 2025 · Net margin: -7.2%Q1 2026 · Net margin: +7.3%Q2 2026 · Net margin: +5.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+50.4%Q2 2026
+3.4%+19.1%+34.7%+50.4%Q3 2024: -11.3%Q4 2024: -12.3%Q1 2025: -4.0%Q2 2025: -1.4%Q3 2025: +2.5%Q4 2025: +3.6%Q1 2026: +11.4%Q2 2026: +50.4%Q3 2023Q2 2026
Shares outstanding2.6BQ2 2026
733.7M1.5B2.2B2.9BQ3 2023: 2.9BQ4 2023: 2.9BQ1 2024: 2.9BQ2 2024: 2.8BQ3 2024: 2.8BQ4 2024: 2.6BQ1 2025: 2.7BQ2 2025: 2.6BQ3 2025: 2.6BQ4 2025: 2.6BQ1 2026: 2.6BQ2 2026: 2.6BQ3 2023Q2 2026
Valuation6.2Q2 2026
-119.4-45.029.4103.8Q3 2023 · P/E: 5.7Q4 2023 · P/E: 68.1Q1 2024 · P/E: 11.7Q2 2024 · P/E: -193.8Q3 2024 · P/E: 103.8Q4 2024 · P/E: -10.0Q1 2025 · P/E: 32.5Q2 2025 · P/E: 12.1Q3 2025 · P/E: 19.1Q4 2025 · P/E: -6.6Q1 2026 · P/E: 7.8Q2 2026 · P/E: 6.2Q3 2023 · P/S: 2.1Q4 2023 · P/S: 1.9Q1 2024 · P/S: 2.2Q2 2024 · P/S: 2.1Q3 2024 · P/S: 1.8Q4 2024 · P/S: 1.7Q1 2025 · P/S: 1.9Q2 2025 · P/S: 1.7Q3 2025 · P/S: 1.8Q4 2025 · P/S: 1.9Q1 2026 · P/S: 2.3Q2 2026 · P/S: 1.4Q3 2023Q2 2026
P/EP/S
Revenue$189.3B2025
$74.7B$149.4B$224.1B$298.8B2018: $298.8B2019: $159.3B2020: $105.9B2021: $157.7B2022: $241.4B2023: $210.1B2024: $189.2B2025: $189.3B20182025
Net income$55M2025
-$11.4B-$2.5B$6.4B$15.2B2018: $9.4B2019: $4B2020: -$20.3B2021: $7.6B2022: -$2.5B2023: $15.2B2024: $381M2025: $55M20182025
EBITDA$30.7B2025
$5.6B$18.2B$30.9B$43.5B2018: $34.7B2019: $29.4B2020: -$7B2021: $32.5B2022: $32.3B2023: $43.5B2024: $28B2025: $30.7B20182025
Free cash flow$11.3B2025
$7.1B$14.4B$21.6B$28.9B2018: $6.2B2019: $10.4B2020: -$144M2021: $12.7B2022: $28.9B2023: $17.8B2024: $12B2025: $11.3B20182025
EPS$0.022025
-$3.24-$0.44$2.35$5.152018: $2.82019: $1.182020: -$6.032021: $2.242022: -$0.792023: $5.152024: $0.142025: $0.0220182025
Cash / Debt$36.6B2025
$21.1B$42.1B$63.2B$84.3B2018 · Cash: $22.5B2018 · Debt: $65.8B2019 · Cash: $20.8B2019 · Debt: $77.4B2020 · Cash: $29.2B2020 · Debt: $81.9B2021 · Cash: $25.9B2021 · Debt: $69.8B2022 · Cash: $23.3B2022 · Debt: $55.5B2023 · Cash: $27.7B2023 · Debt: $63.1B2024 · Cash: $34.4B2024 · Debt: $71.5B2025 · Cash: $36.6B2025 · Debt: $84.3B20182025
CashDebt
Profitability+17.7%2025
-8.7%+1.9%+12.4%+22.9%2018 · Gross margin: +9.7%2019 · Gross margin: +17.3%2020 · Gross margin: +9.6%2021 · Gross margin: +14.5%2022 · Gross margin: +22.8%2023 · Gross margin: +22.9%2024 · Gross margin: +16.0%2025 · Gross margin: +17.7%2018 · Operating margin: +5.5%2019 · Operating margin: +10.2%2020 · Operating margin: -0.5%2021 · Operating margin: +6.8%2022 · Operating margin: +17.2%2023 · Operating margin: +14.8%2024 · Operating margin: +6.8%2025 · Operating margin: +8.2%2018 · Net margin: +3.1%2019 · Net margin: +2.5%2020 · Net margin: -19.2%2021 · Net margin: +4.8%2022 · Net margin: -1.0%2023 · Net margin: +7.3%2024 · Net margin: +0.2%2025 · Net margin: 0.0%20182025
Gross marginOperating marginNet margin
Revenue growth+0.1%2025
-21.7%+3.2%+28.1%+53.0%2019: -46.7%2020: -33.5%2021: +48.9%2022: +53.0%2023: -13.0%2024: -10.0%2025: +0.1%20182025
Shares outstanding2.7B2025
850M1.7B2.5B3.4B2018: 3.4B2019: 3.4B2020: 3.4B2021: 3.4B2022: 3.2B2023: 3B2024: 2.8B2025: 2.7B20182025
Valuation1,653.82025
380.3804.81,229.31,653.82018 · P/E: 13.42019 · P/E: 31.72020 · P/E: -3.42021 · P/E: 11.82022 · P/E: -44.22023 · P/E: 6.72024 · P/E: 211.12025 · P/E: 1,653.82018 · P/S: 0.42019 · P/S: 0.82020 · P/S: 0.72021 · P/S: 0.62022 · P/S: 0.52023 · P/S: 0.52024 · P/S: 0.42025 · P/S: 0.520182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-30
Revenue est. $60.3B · Updated 51m ago
Dividend
$0.52
2026-08-14

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20267.26$229B+21%12
FY 20275.07$205.1B+8%12
FY 20284.03$202B+7%6
FY 20293.26$200B+6%9
FY 20303.26$202.3B+7%5
Q1 20290.58$70.1B+34%3

Company events

6
2026-10-30EarningsActual - / Estimate 2.09-
2026-08-14Dividend$0.52-
2026-08-04EarningsActual 2.22 / Estimate 1.98Beat
2026-05-15Dividend$0.499-
2026-04-28EarningsActual 1.24 / Estimate 0.91Beat
2026-02-20Dividend$0.499-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering BP have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings79195
Analysts2332
Buy / hold / sell28 / 45 / 669 / 118 / 8
Upgrades / downgrades / initiations7 / 5 / 413 / 14 / 8
Price targets hit / missed53 / 23 (70%)153 / 28 (85%)
Avg. return after a rating (TipRanks)+28.7%+39.2%
Best / worst call+671.9% / -16.3%+723.7% / -26.5%

After buy calls on this stock: median 21-day move +0.3% vs S&P 500 -2.1% (n = 66)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Stephen RichardsonEvercore ISI50% hit rate on this stock · 8 targets measuredHoldtarget $52.00Sep 16, 2026
  2. Paul ChengScotiabank22% hit rate on this stock · 9 targets measuredBuytarget $41.00Feb 11, 2026

Latest ratings

DateAnalystCallTarget
Oct 14, 2026Sam MargolinWells FargoBuyMaintained$57.00
Oct 5, 2026Nitin Kumar CFAMizuho SecuritiesBuyMaintained$56.00
Oct 1, 2026Sam MargolinWells FargoBuyUpgraded$57.00
Sep 28, 2026Jason GabelmanTD CowenHoldMaintained$47.00
Sep 28, 2026Sam MargolinWells FargoHoldMaintained$48.00

TipRanks data via FMP · computed Oct 14, 2026 · 79 ratings

Frequently asked questions

Where can I trade BP perpetual futures?

BP p.l.c. (BP) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade BP around the clock?

Yes. Unlike the underlying stock, BP perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on BP perpetuals?

Right now the BP perp funding rate is -7.2% annualized (venue median), ranging from -7.2% to -7.2% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the BP perp price compare to the BP p.l.c. stock?

The venue-median BP perp mark is $48.7 versus a reference stock price of $48.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a BP perpetual future?

A BP perpetual is a derivative that tracks the price of BP p.l.c. with no expiry date. It lets you take long or short exposure to BP p.l.c. on crypto venues, around the clock.

What is BPUSDT perpetual?

BPUSDT is the symbol most crypto exchanges use for the BP p.l.c. perpetual settled in USDT (Tether). It tracks the BP share price through an index, trades 24/7 with leverage and never expires.

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