BP vs. APA

Last updated Apr 1, 2026

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

Performance

BP vs. APA - Performance Comparison

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

BP vs. APA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
APA Apache Corporation	75.16%	11.54%	-33.44%	-21.24%	76.44%	90.76%	-43.71%	1.12%	-36.39%	-32.13%

Fundamentals

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

Returns By Period

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

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%

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%

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

Return for Risk

BP vs. APA — Risk / Return Rank

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

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

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

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.

BP vs. APA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BP p.l.c. (BP) and Apache Corporation (APA). 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.

	BP	APA	Difference
Sharpe ratio Return per unit of total volatility	1.57	2.06	-0.49
Sortino ratio Return per unit of downside risk	1.97	2.48	-0.51
Omega ratio Gain probability vs. loss probability	1.28	1.34	-0.06
Calmar ratio Return relative to maximum drawdown	2.06	3.34	-1.28
Martin ratio Return relative to average drawdown	6.29	10.49	-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.

BP vs. APA - Sharpe Ratio Comparison

The current BP Sharpe Ratio is 1.57, which is comparable to the APA Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of BP and APA, 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

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

Correlation

The correlation between BP and APA 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

BP vs. APA - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

BP vs. APA - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

BP vs. APA - Volatility Comparison

The current volatility for BP p.l.c. (BP) is 8.27%, while Apache Corporation (APA) has a volatility of 10.75%. This indicates that BP experiences smaller price fluctuations and is considered to be less risky than APA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Financials

BP vs. APA - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.