BP p.l.c., formerly British Petroleum, is an international British petroleum company headquartered in London. Worldwide, BP had consolidated sales of $396 billion in 2012 and employed 83,900 people. The company has proven reserves of 17.0 billion barrels of oil equivalent worldwide. The company owns around 20,700 petrol stations and serves 13 million customers every day. Due to an oil spill - triggered on April 20, 2010 by the BP-operated Deepwater Horizon drilling platform in the Gulf of Mexico - the company was sentenced in 2015 by the US environmental agency USEPA to pay a record fine of $20.8 billion. A 2019 survey found that BP, with an emissions of 34.02 billion tonnes of CO2 equivalent since 1965, was the world's sixth-highest in that period.
With sales of $251.9 billion and a profit of $4.3 billion, BP ranks 36th among the world's largest companies according to Forbes Global 2000 (as of 2017). BP had a market cap of approximately $152.6 billion in early 2018.
According to BP's latest financial reports and stock price the company's current Operating Margin is 11.30%. At the end of 2023 the company had an Operating Margin of 11.30%.
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.