BP p.l.c. (BP) Covered Calls

BP p.l.c. covered calls BP p.l.c. is a global integrated energy company that provides heat, light, and mobility products to customers worldwide. The company operates across the entire energy value chain, from oil and gas exploration and production to refining, marketing, and distribution. It is increasingly expanding its presence in low-carbon energy solutions, including wind, solar, hydrogen, and electric vehicle charging infrastructure, as part of its strategy to transition into an integrated energy entity.

You can sell covered calls on BP p.l.c. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for BP (prices last updated Tue 4:16 PM ET):

BP p.l.c. (BP) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
37.56 -0.10 37.40 37.50 7.2M 362 122
Covered Calls For BP p.l.c. (BP)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 37.5 0.30 37.20 2.1% 192%
Mar 20 38 0.79 36.71 3.5% 39.9%
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BP p.l.c. (BP) is a leading global energy major that manages a vast and diverse portfolio of energy assets. The company is structured to deliver energy in various forms, balancing its legacy oil and gas operations with an aggressive push into sustainable and renewable energy sources. Through its integrated business model, it manages the full lifecycle of energy production, ensuring supply security while evolving its mix to meet changing global demands.

Core Business and Products

  1. Oil Production and Operations: This segment encompasses the exploration for and production of crude oil and natural gas. The company maintains significant upstream assets in the Gulf of Mexico, the North Sea, and other resource-rich basins globally. It focuses on high-margin projects and the optimization of existing fields through advanced digital technology and seismic imaging.
  2. Gas and Low Carbon Energy: The company is a major player in the global natural gas and liquefied natural gas (LNG) markets. Simultaneously, this segment serves as the hub for renewable energy investments, including offshore wind, solar power generation, and hydrogen production. These initiatives are designed to decarbonize the company’s operations and provide zero-carbon energy to its corporate partners.
  3. Customers and Products: This downstream segment focuses on refining, marketing, and the retail sale of fuels and lubricants. The company operates thousands of retail service stations and has built one of the world’s largest electric vehicle (EV) charging networks. It also provides specialized aviation fuels and high-performance lubricants for the automotive and industrial sectors.

Competitive Landscape

BP operates in a highly competitive sector alongside other "supermajors" that possess global scale and integrated capabilities. Its most direct rivals in the exploration and refining space include Shell, ExxonMobil, and Chevron. In the European market, it faces stiff competition from TotalEnergies and Eni. As the company expands into renewable energy, it increasingly competes with specialized power utilities and green energy firms that are also scaling their solar and wind portfolios. Furthermore, in the retail and lubricants space, the company contends with localized competitors and specialized chemical manufacturers.

Strategic Outlook and Innovation

The company is focused on a disciplined "reset" strategy that prioritizes high-value fossil fuel projects to fund its long-term transition into a low-carbon energy provider. Innovation efforts are heavily centered on the digitalization of the upstream business, using data analytics to improve drilling precision and reduce methane emissions. In the downstream sector, the company is investing in advanced biofuels and sustainable aviation fuel (SAF) to address hard-to-abate transport sectors. Furthermore, the expansion of its hydrogen business is a key strategic pillar, aimed at supporting heavy industry and maritime shipping in their decarbonization efforts. The company continues to refine its capital allocation, aiming to build a resilient and diversified portfolio that can navigate the complexities of the global energy transition while maintaining reliable distributions to its shareholders.