What is the Difference Between BP and Exxon?

BP and ExxonMobil are both leading global energy and petrochemical companies, but they differ in various aspects, such as their operations, financial performance, and strategies for the future. Here are some key differences between the two companies:

1. Operations: BP's oil production and operations segment comprises regions with upstream activities, including bpx energy. Its customers & products segment includes customer-focused businesses like convenience and retail fuels, electric vehicle charging, Castrol, aviation, business-to-business, and midstream. It also includes refining & oil trading and bioenergy businesses. ExxonMobil's primary businesses include Upstream, Downstream, and Chemical.
2. Financial Performance: As of December 12, 2023, BP had a market capitalization of $99.2 billion. In comparison, ExxonMobil had a market capitalization of $412 billion. In terms of earnings, BP's adjusted earnings are expected to reach $4.991 per share for the current fiscal year, while ExxonMobil's price-earnings ratio is 9.9. ExxonMobil's trailing 12-month revenue is $346.2 billion, with a 11.9% net profit margin.
3. Dividend Yield: BP currently has a 4.7% dividend yield.
4. Growth and Investments: Both companies are focused on hydrocarbons right now, but they have differing longer-term strategies when it comes to new investments. ExxonMobil plans to invest more in new oil and gas projects, while BP plans to invest more in its renewable or green business.
5. Employee Sentiment: According to Comparably, BP rates higher than ExxonMobil on Sentiment Culture Ratings, based on looking at 1192 ratings from employees of the two companies.

In summary, while both BP and ExxonMobil are major players in the energy industry, they differ in their operations, financial performance, future investment strategies, and employee sentiment. Investors should consider these factors when deciding which company to invest in.

Comparative Table: BP vs Exxon

Here is a table comparing the differences between BP and Exxon:

Both companies are established energy sector players, but they have different approaches to their businesses and the transition to renewable energy sources. BP is more downstream-oriented and has a focus on refineries and liquids, while Exxon is more upstream-oriented, relying on exploration and production. BP has lower profit margins compared to Exxon, which has a stronger balance sheet and higher returns on invested capital. In terms of transitioning to renewable energy sources, BP has a plan to balance oil and gas with renewables by 2030, while Exxon is slower to transition and is still focusing on short-term oil and gas opportunities.