APA vs. BP

Last updated Apr 1, 2026

Compare and contrast key facts about Apache Corporation (APA) and BP p.l.c. (BP).

Performance

APA vs. BP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Apache Corporation (APA) and BP p.l.c. (BP). The values are adjusted to include any dividend payments, if applicable.

APA vs. BP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APA Apache Corporation	75.16%	11.54%	-33.44%	-21.24%	76.44%	90.76%	-43.71%	1.12%	-36.39%	-32.13%
BP BP p.l.c.	37.08%	24.54%	-11.84%	6.00%	37.01%	36.38%	-41.31%	5.83%	-4.57%	20.02%

Fundamentals

Market Cap APA : $15.07B BP : $120.71B
EPS APA : $3.99 BP : $0.02
PE Ratio APA : 10.63 BP : 2.05K
PEG Ratio APA : 0.14 BP : 199.95
PS Ratio APA : 1.71 BP : 0.65
PB Ratio APA : 1.35 BP : 2.28
Total Revenue (TTM) APA : $8.92B BP : $189.23B
Gross Profit (TTM) APA : $2.62B BP : $38.28B
EBITDA (TTM) APA : $4.29B BP : $31.57B

Returns By Period

In the year-to-date period, APA achieves a 75.16% return, which is significantly higher than BP's 37.08% return. Over the past 10 years, APA has underperformed BP with an annualized return of 1.38%, while BP has yielded a comparatively higher 10.96% annualized return.

APA

• 1D: -2.97%
• 1M: 39.74%
• YTD: 75.16%
• 6M: 78.43%
• 1Y: 112.34%
• 3Y*: 9.66%
• 5Y*: 20.98%
• 10Y*: 1.38%

BP

• 1D: -0.74%
• 1M: 20.95%
• YTD: 37.08%
• 6M: 40.07%
• 1Y: 47.29%
• 3Y*: 13.31%
• 5Y*: 19.68%
• 10Y*: 10.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

APA vs. BP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APA

APA Risk / Return Rank: 88
APA Sharpe Ratio Rank: 91
APA Sortino Ratio Rank: 86
APA Omega Ratio Rank: 86
APA Calmar Ratio Rank: 88
APA Martin Ratio Rank: 90

BP

BP Risk / Return Rank: 81
BP Sharpe Ratio Rank: 86
BP Sortino Ratio Rank: 79
BP Omega Ratio Rank: 80
BP Calmar Ratio Rank: 79
BP Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APA vs. BP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Apache Corporation (APA) and BP p.l.c. (BP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	APA	BP	Difference
Sharpe ratio Return per unit of total volatility	2.06	1.57	+0.49
Sortino ratio Return per unit of downside risk	2.48	1.97	+0.51
Omega ratio Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio Return relative to maximum drawdown	3.34	2.06	+1.28
Martin ratio Return relative to average drawdown	10.49	6.29	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APA vs. BP - Sharpe Ratio Comparison

The current APA Sharpe Ratio is 2.06, which is higher than the BP Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of APA and BP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APA	BP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.57	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.69	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	0.35	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.19	-0.02

Correlation

The correlation between APA and BP is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

APA vs. BP - Dividend Comparison

APA's dividend yield for the trailing twelve months is around 2.36%, less than BP's 4.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APA Apache Corporation	2.36%	4.09%	4.33%	2.79%	1.34%	0.51%	2.29%	3.91%	3.81%	2.37%	1.58%	2.25%
BP BP p.l.c.	4.21%	5.64%	6.20%	4.71%	3.94%	4.83%	9.21%	6.52%	6.41%	5.66%	6.37%	7.63%

Drawdowns

APA vs. BP - Drawdown Comparison

The maximum APA drawdown since its inception was -96.73%, which is greater than BP's maximum drawdown of -74.94%. Use the drawdown chart below to compare losses from any high point for APA and BP.

Drawdown Indicators

	APA	BP	Difference
Max Drawdown Largest peak-to-trough decline	-96.73%	-74.94%	-21.79%
Max Drawdown (1Y) Largest decline over 1 year	-33.95%	-22.77%	-11.18%
Max Drawdown (5Y) Largest decline over 5 years	-70.47%	-30.63%	-39.84%
Max Drawdown (10Y) Largest decline over 10 years	-93.49%	-63.91%	-29.58%
Current Drawdown Current decline from peak	-59.96%	-0.74%	-59.22%
Average Drawdown Average peak-to-trough decline	-40.25%	-25.34%	-14.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.80%	7.47%	+3.33%

Volatility

APA vs. BP - Volatility Comparison

Apache Corporation (APA) has a higher volatility of 10.75% compared to BP p.l.c. (BP) at 8.27%. This indicates that APA's price experiences larger fluctuations and is considered to be riskier than BP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APA	BP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	8.27%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	31.47%	19.92%	+11.55%
Volatility (1Y) Calculated over the trailing 1-year period	54.92%	30.34%	+24.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.56%	28.50%	+20.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.24%	31.21%	+27.03%

Financials

APA vs. BP - Profitability Comparison

The chart below illustrates the profitability comparison between Apache Corporation and BP p.l.c. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

APA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Apache Corporation reported a gross profit of 0.00 and revenue of 1.99B. Therefore, the gross margin over that period was 0.0%.

BP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BP p.l.c. reported a gross profit of 7.56B and revenue of 47.31B. Therefore, the gross margin over that period was 16.0%.

APA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Apache Corporation reported an operating income of 0.00 and revenue of 1.99B, resulting in an operating margin of 0.0%.

BP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BP p.l.c. reported an operating income of 3.00B and revenue of 47.31B, resulting in an operating margin of 6.3%.

APA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Apache Corporation reported a net income of 279.00M and revenue of 1.99B, resulting in a net margin of 14.0%.

BP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BP p.l.c. reported a net income of -3.42B and revenue of 47.31B, resulting in a net margin of -7.2%.