BP recorded revenues of $297,107 million during FY2010, an increase of 24.2% over FY2009. For FY2010, the US, the company's largest geographic market, accounted for 34.3% of the total revenues. BP generates revenues through three business segments: refining and marketing (89.3% of the total revenues in FY2010), exploration and production (9.8%), and other businesses and corporate (0.8%). Revenue by segment During FY2010, the refining and marketing segment recorded revenues of $265,393 million, an increase of 25.1% over FY2009.
The exploration and production segment recorded revenues of $29,217 million in FY2010, an increase of 16.5% over FY2009. The other businesses and corporate segment recorded revenues of $2,497 million in FY2010, an increase of 27.6% over FY2009. Revenue by geography The US, BP's largest geographical market, accounted for 34.3% of the total revenues in FY2010. Revenues from the US reached $101,768 million in FY2010, an increase of 21.2% over FY2009. Non-US markets accounted for 65.7% of the total revenues in FY2010. Revenues from non-US markets reached $195,339 million in FY2010, an increase of 25.8% over FY2009 (Ferrier, 2011, 66).
When looking at the various values in the tables above, one can see that there are times when BP is below the average while at other times it is above. Many different factors affect the ratios of the different companies. How one handles their expenses, how one decides on its equities and liabilities, how efficiently and effectively one operates, etc. affects the company and its turnouts.
Consequently, this affects the company's ratios. Therefore, it is difficult to determine what exactly pushes a company and competitor's averages above or below the average. However, it is evident that most of BP's s ratios are undervalued when compared to the averages. As mentioned previously, BP has high revenue, which helps decrease the ratio; moreover, the higher stock price also plays an important roll in that. Many of the other ratios follow a similar process, causing the ratios to vary so significantly from the averages.
BP is at very good standing right now and it seems like it maintain this footing. It is also adjusting to the demands of the consumers when researching environmentally safer alternatives to fuels. By working with the market and staying a step ahead, BP is able to do well and will continue to do so. This is ...