BP p.l.c.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $16.1B TTM normalized free cash flow base; 1.5% annual FCF growth years 1-5; 1.0% growth years 6-10; 9% discount rate; 1.5% terminal growth; $35.5B net debt ($37.2B cash less $72.7B debt); 15.52B ordinary shares outstanding. Value is per BP plc ordinary share (BPAQF), not per NYSE ADR (1 ADR = 6 ordinary shares).

Reasoning: BP is a diversified global oil & gas major with decades of production, refining and trading cash-flow history, making a multi-stage FCF DCF the most defensible method; inputs use trailing free cash flow and net debt from BP's Q2 2026 results, with modest single-digit growth reflecting mature upstream volumes offset by downstream and trading strength, and a discount rate reflecting commodity-price and leverage risk.