BP (BP) Net Developed Acreage # : 0.00 (As of Dec. 2023)

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What is BP Net Developed Acreage #?

Net Developed Acreage # reflects the number of acres which are allocated or assignable to producing wells or wells capable of production.

BP's Net Developed Acreage # for the annual that ended in Dec. 2023 was 2,014,000.00 , which lower from pervious year (Dec. 2022)'s result by 11.28%.

The historical rank and industry rank for BP's Net Developed Acreage # or its related term are showing as below:

BP's Net Developed Acreage # is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Net Developed Acreage # only.

BP Net Developed Acreage # Historical Data

The historical data trend for BP's Net Developed Acreage # can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BP Net Developed Acreage # Chart

BP Annual Data

Trend

Dec19

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Dec23

Net Developed Acreage #

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Net Productive Oil Wells

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Gross Developed Acreage #

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Net Undeveloped Acreage #

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Gross Undeveloped Acreage #

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Net Productive Gas Wells

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Number of Refineries #

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BPQuarterly Data

Trend

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Net Developed Acreage #

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Competitive Comparison of BP's Net Developed Acreage #

For the Oil & Gas Integrated subindustry, BP's Net Developed Acreage #, along with its competitors' market caps and Net Developed Acreage # data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BP (NYSE:BP) Net Developed Acreage # Explanation

Net Developed Acreage # is the amount of leased real estate that a petroleum and/or natural gas company holds, pertaining to a company's true working interest. If a company holds the entire working interest for a particular project, its net acreage and gross acreage will be the same.

Net acres can be construed as a measure of a company's potential for revenue, and increases or decreases in the figure are indicators of expansion or contraction. It can be calculated on a per project basis by multiplying the gross acres with the percentage of ownership.

BP Net Developed Acreage # Related Terms

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BP (BP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BP PLC (NYSE:BP) » Definitions » Net Developed Acreage #

Comparable Companies

Traded in Other Exchanges

BPAQF:USA BP N:Mexico BPl:UK BP.B.PFD:UK BP.A.PFD:UK BP.:UK BPE5:Germany BSU:Germany BPE5:Germany BPE:Germany BPE5:Germany BPE:Germany BSU:Germany BPE5:Germany BPE:Germany B1PP34:Brazil BP:Argentina

Address

1 St James's Square, London, GBR, SW1Y 4PD

Website

https://www.bp.com

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.

Executives

Karen Richardson

Non-Executive Director