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BP total debt 1985–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
BP's total debt was 69.62B USD on 30 September 2026, down 7.0% on a year before. At the end of fiscal year 2025 it was 72.53B USD.
Last updated 7 Nov 2026 · Next report 9 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 69.62B | -6.95% | 43.05B | -26.56B | 1.12 |
| FY2025 | 31 Dec 2025 | 72.53B | +1.37% | 36.71B | -35.82B | 1.37 |
| FY2024 | 31 Dec 2024 | 71.55B | +13.43% | 34.53B | -37.02B | 1.21 |
| FY2023 | 31 Dec 2023 | 63.08B | +13.66% | 28.59B | -34.48B | 0.90 |
| FY2022 | 31 Dec 2022 | 55.49B | -20.48% | 23.91B | -31.59B | 0.82 |
| FY2021 | 31 Dec 2021 | 69.79B | -14.82% | 26.22B | -43.57B | 0.92 |
| FY2020 | 31 Dec 2020 | 81.93B | +5.78% | 29.53B | -52.40B | 1.15 |
| FY2019 | 31 Dec 2019 | 77.45B | +17.70% | 20.97B | -56.48B | 0.79 |
| FY2018 | 31 Dec 2018 | 65.80B | +4.06% | 22.69B | -43.11B | 0.66 |
| FY2017 | 31 Dec 2017 | 63.23B | +8.46% | 25.71B | -37.52B | 0.64 |
| FY2016 | 31 Dec 2016 | 58.30B | +9.65% | 23.53B | -34.77B | 0.61 |
| FY2015 | 31 Dec 2015 | 53.17B | +0.59% | 26.61B | -26.56B | 0.55 |
| FY2014 | 31 Dec 2014 | 52.85B | +9.67% | 30.09B | -22.76B | 0.47 |
| FY2013 | 31 Dec 2013 | 48.19B | -1.24% | 22.99B | -25.21B | 0.37 |
| FY2012 | 31 Dec 2012 | 48.80B | +10.37% | 19.87B | -28.93B | 0.41 |
| FY2011 | 31 Dec 2011 | 44.21B | -2.48% | 14.36B | -29.86B | 0.40 |
| FY2010 | 31 Dec 2010 | 45.34B | +30.93% | 24.44B | -20.89B | 0.48 |
| FY2009 | 31 Dec 2009 | 34.63B | +4.29% | 13.31B | -21.32B | 0.34 |
| FY2008 | 31 Dec 2008 | 33.20B | +6.95% | 8.37B | -24.84B | 0.36 |
| FY2007 | 31 Dec 2007 | 31.05B | +29.30% | 3.56B | -27.48B | 0.33 |
| FY2006 | 31 Dec 2006 | 24.01B | +134.70% | 2.59B | -21.42B | 0.28 |
| FY2005 | 31 Dec 2005 | 10.23B | -55.70% | 2.96B | -7.27B | 0.13 |
| FY2004 | 31 Dec 2004 | 23.09B | +3.43% | 6.87B | -16.22B | 0.30 |
| FY2003 | 31 Dec 2003 | 22.33B | +1.44% | 2.13B | -20.19B | 0.32 |
| FY2002 | 31 Dec 2002 | 22.01B | +2.76% | 1.08B | -20.93B | 0.51 |
| FY2001 | 31 Dec 2001 | 21.42B | +1.07% | 1.24B | -20.17B | 0.48 |
| FY2000 | 31 Dec 2000 | 21.19B | +45.70% | 1.83B | -19.36B | 0.29 |
| FY1999 | 31 Dec 1999 | 14.54B | +5.74% | 1.55B | -12.99B | 0.34 |
| FY1998 | 31 Dec 1998 | 13.76B | +24.74% | 405.00M | -13.35B | 0.33 |
| FY1997 | 31 Dec 1997 | 11.03B | +143.30% | 420.98M | -10.61B | 0.31 |
| FY1996 | 31 Dec 1996 | 4.53B | -17.57% | 153.00M | -4.38B | 0.35 |
| FY1995 | 31 Dec 1995 | 5.50B | -18.51% | 395.00M | -5.10B | 0.47 |
| FY1994 | 31 Dec 1994 | 6.75B | -19.49% | 188.00M | -6.56B | 0.61 |
| FY1993 | 31 Dec 1993 | 8.38B | -18.32% | 210.00M | -8.17B | 0.86 |
| FY1992 | 31 Dec 1992 | 10.26B | +25.82% | 250.00M | -10.01B | 1.06 |
| FY1991 | 31 Dec 1991 | 8.15B | +17.83% | 717.00M | -7.44B | 0.77 |
| FY1990 | 31 Dec 1990 | 6.92B | -16.52% | 621.00M | -6.30B | 0.63 |
| FY1989 | 31 Dec 1989 | 8.29B | +15.40% | 419.00M | -7.87B | 0.77 |
| FY1988 | 31 Dec 1988 | 7.18B | +28.98% | 340.00M | -6.84B | 0.62 |
| FY1987 | 31 Dec 1987 | 5.57B | +2.39% | 1.28B | -4.29B | 0.52 |
| FY1986 | 31 Dec 1986 | 5.44B | -1.79% | 2.53B | -2.91B | 0.55 |
| FY1985 | 31 Dec 1985 | 5.54B | — | 2.21B | -3.33B | 0.56 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 69.62B | -6.95% | 43.05B | -26.56B | 1.12 |
| Q2 FY2026 | 30 Jun 2026 | 72.69B | -3.05% | 37.23B | -35.47B | 1.24 |
| Q1 FY2026 | 31 Mar 2026 | 74.18B | +4.29% | 35.76B | -38.42B | 1.33 |
| Q4 FY2025 | 31 Dec 2025 | 72.53B | +1.37% | 36.71B | -35.82B | 1.37 |
| Q3 FY2025 | 30 Sept 2025 | 74.82B | +9.24% | 35.05B | -39.77B | 1.28 |
| Q2 FY2025 | 30 Jun 2025 | 74.98B | +14.16% | 35.31B | -39.67B | 1.27 |
| Q1 FY2025 | 31 Mar 2025 | 71.13B | +11.02% | 34.05B | -37.08B | 1.22 |
| Q4 FY2024 | 31 Dec 2024 | 71.55B | +13.43% | 34.53B | -37.02B | 1.21 |
| Q3 FY2024 | 30 Sept 2024 | 68.49B | +14.74% | 34.76B | -33.73B | 1.06 |
| Q2 FY2024 | 30 Jun 2024 | 65.68B | +8.21% | 35.60B | -30.08B | 0.98 |
| Q1 FY2024 | 31 Mar 2024 | 64.07B | +12.01% | 32.13B | -31.95B | 0.92 |
| Q4 FY2023 | 31 Dec 2023 | 63.08B | +13.66% | 28.59B | -34.48B | 0.90 |
| Q3 FY2023 | 30 Sept 2023 | 59.69B | +9.61% | 30.86B | -28.83B | 0.82 |
| Q2 FY2023 | 30 Jun 2023 | 60.70B | -0.37% | 29.59B | -31.11B | 0.86 |
| Q1 FY2023 | 31 Mar 2023 | 57.20B | -17.19% | 30.88B | -26.32B | 0.80 |
| Q4 FY2022 | 31 Dec 2022 | 55.49B | -20.48% | 23.91B | -31.59B | 0.82 |
| Q3 FY2022 | 30 Sept 2022 | 54.46B | -24.20% | 29.60B | -24.85B | 0.94 |
| Q2 FY2022 | 30 Jun 2022 | 60.92B | -20.99% | 33.24B | -27.68B | 0.91 |
| Q1 FY2022 | 31 Mar 2022 | 69.07B | -8.09% | 34.52B | -34.56B | 1.09 |
| Q4 FY2021 | 31 Dec 2021 | 69.79B | -14.82% | 26.22B | -43.57B | 0.92 |
| Q3 FY2021 | 30 Sept 2021 | 71.84B | -12.48% | 30.89B | -40.96B | 0.96 |
| Q2 FY2021 | 30 Jun 2021 | 77.11B | -9.61% | 34.42B | -42.69B | 0.98 |
| Q1 FY2021 | 31 Mar 2021 | 75.15B | -4.25% | 31.89B | -43.26B | 0.99 |
| Q4 FY2020 | 31 Dec 2020 | 81.93B | +5.78% | 29.53B | -52.40B | 1.15 |
| Q3 FY2020 | 30 Sept 2020 | 82.09B | +8.72% | 31.05B | -51.04B | 1.21 |
| Q2 FY2020 | 30 Jun 2020 | 85.31B | +9.47% | 34.34B | -50.97B | 1.24 |
| Q1 FY2020 | 31 Mar 2020 | 78.49B | +2.89% | 18.23B | -60.26B | 0.89 |
| Q4 FY2019 | 31 Dec 2019 | 77.45B | +17.70% | 22.64B | -54.81B | 0.79 |
| Q3 FY2019 | 30 Sept 2019 | 75.51B | +17.73% | 19.81B | -55.70B | 0.77 |
| Q2 FY2019 | 30 Jun 2019 | 77.93B | +29.12% | 20.81B | -57.12B | 0.77 |
| Q1 FY2019 | 31 Mar 2019 | 76.28B | +22.66% | 21.39B | -54.89B | 0.75 |
| Q4 FY2018 | 31 Dec 2018 | 65.80B | +4.06% | 22.69B | -43.11B | 0.66 |
| Q3 FY2018 | 30 Sept 2018 | 64.14B | -2.51% | 26.29B | -37.84B | 0.63 |
| Q2 FY2018 | 30 Jun 2018 | 60.36B | -4.20% | 22.29B | -38.07B | 0.60 |
| Q1 FY2018 | 31 Mar 2018 | 62.19B | +0.58% | 22.36B | -39.83B | 0.62 |
| Q4 FY2017 | 31 Dec 2017 | 63.23B | +8.46% | 25.71B | -37.52B | 0.64 |
| Q3 FY2017 | 30 Sept 2017 | 65.78B | +11.50% | 25.86B | -39.92B | 0.67 |
| Q2 FY2017 | 30 Jun 2017 | 63.00B | +13.06% | 23.35B | -39.66B | 0.65 |
| Q1 FY2017 | 31 Mar 2017 | 61.83B | +14.48% | 23.83B | -38.00B | 0.63 |
| Q4 FY2016 | 31 Dec 2016 | 58.30B | +9.65% | 23.53B | -34.77B | 0.61 |
| Q3 FY2016 | 30 Sept 2016 | 59.00B | +2.77% | 25.57B | -33.43B | 0.65 |
| Q2 FY2016 | 30 Jun 2016 | 55.73B | -2.41% | 23.62B | -32.10B | 0.60 |
| Q1 FY2016 | 31 Mar 2016 | 54.01B | -6.44% | 23.20B | -30.82B | 0.56 |
| Q4 FY2015 | 31 Dec 2015 | 53.17B | +0.59% | 26.61B | -26.56B | 0.55 |
| Q3 FY2015 | 30 Sept 2015 | 57.41B | +7.08% | 31.95B | -25.46B | 0.57 |
| Q2 FY2015 | 30 Jun 2015 | 57.10B | +7.93% | 32.88B | -24.22B | 0.54 |
| Q1 FY2015 | 31 Mar 2015 | 57.73B | +8.42% | 32.74B | -24.99B | 0.52 |
| Q4 FY2014 | 31 Dec 2014 | 52.85B | +9.67% | 30.09B | -22.76B | 0.47 |
| Q3 FY2014 | 30 Sept 2014 | 53.61B | +6.61% | 31.03B | -22.59B | 0.43 |
| Q2 FY2014 | 30 Jun 2014 | 52.91B | +12.59% | 27.88B | -25.02B | 0.40 |
| Q1 FY2014 | 31 Mar 2014 | 53.25B | +14.70% | 27.79B | -25.46B | 0.41 |
| Q4 FY2013 | 31 Dec 2013 | 48.19B | -1.24% | 22.99B | -25.21B | 0.37 |
| Q3 FY2013 | 30 Sept 2013 | 50.28B | +2.46% | 30.04B | -20.25B | 0.39 |
| Q2 FY2013 | 30 Jun 2013 | 46.99B | -1.41% | 29.03B | -17.97B | 0.36 |
| Q1 FY2013 | 31 Mar 2013 | 46.43B | -0.10% | 28.28B | -18.15B | 0.36 |
| Q4 FY2012 | 31 Dec 2012 | 48.80B | +10.37% | 19.87B | -28.93B | 0.41 |
| Q3 FY2012 | 30 Sept 2012 | 49.08B | -8.94% | 16.36B | -32.72B | 0.42 |
| Q2 FY2012 | 30 Jun 2012 | 47.66B | +1.65% | 15.19B | -32.48B | 0.42 |
| Q1 FY2012 | 31 Mar 2012 | 46.47B | -22.26% | 14.40B | -32.08B | 0.39 |
| Q4 FY2011 | 31 Dec 2011 | 44.21B | -2.48% | 14.36B | -29.86B | 0.40 |
| Q3 FY2011 | 30 Sept 2011 | 53.89B | +34.81% | 18.28B | -35.61B | 0.49 |
| Q2 FY2011 | 30 Jun 2011 | 46.89B | +53.34% | 20.16B | -26.73B | 0.44 |
| Q1 FY2011 | 31 Mar 2011 | 59.77B | +85.90% | 20.17B | -39.61B | 0.58 |
| Q4 FY2010 | 31 Dec 2010 | 45.34B | +30.93% | 20.09B | -25.25B | 0.48 |
| Q3 FY2010 | 30 Sept 2010 | 39.98B | +9.37% | 19.19B | -20.79B | 0.45 |
| Q2 FY2010 | 30 Jun 2010 | 30.58B | -15.62% | 13.44B | -17.14B | 0.36 |
| Q1 FY2010 | 31 Mar 2010 | 32.15B | -7.33% | 12.20B | -19.96B | 0.31 |
| Q4 FY2009 | 31 Dec 2009 | 34.63B | +4.29% | 13.31B | -21.32B | 0.34 |
| Q3 FY2009 | 30 Sept 2009 | 36.56B | +29.17% | 15.42B | -21.14B | 0.36 |
| Q2 FY2009 | 30 Jun 2009 | 36.24B | +20.04% | 15.72B | -20.52B | 0.38 |
| Q1 FY2009 | 31 Mar 2009 | 34.70B | +16.16% | 16.11B | -18.59B | 0.38 |
| Q4 FY2008 | 31 Dec 2008 | 33.20B | +6.95% | 8.20B | -25.01B | 0.36 |
| Q3 FY2008 | 30 Sept 2008 | 28.30B | +12.10% | 6.14B | -22.16B | 0.27 |
| Q2 FY2008 | 30 Jun 2008 | 30.19B | +27.09% | 3.59B | -26.60B | 0.29 |
| Q1 FY2008 | 31 Mar 2008 | 29.87B | +25.89% | 4.82B | -25.05B | 0.30 |
| Q4 FY2007 | 31 Dec 2007 | 31.05B | +29.30% | 3.56B | -27.48B | 0.33 |
| Q3 FY2007 | 30 Sept 2007 | 25.25B | +26.40% | 2.41B | -22.84B | 0.28 |
| Q2 FY2007 | 30 Jun 2007 | 23.75B | -1.07% | 2.64B | -21.11B | 0.27 |
| Q1 FY2007 | 31 Mar 2007 | 23.73B | +157.30% | 1.96B | -21.77B | 0.28 |
| Q4 FY2006 | 31 Dec 2006 | 24.01B | +25.30% | 2.59B | -21.42B | 0.28 |
| Q3 FY2006 | 30 Sept 2006 | 19.97B | -9.87% | 3.20B | -16.77B | 0.24 |
| Q2 FY2006 | 30 Jun 2006 | 24.01B | +24.39% | 2.59B | -21.42B | 0.28 |
| Q1 FY2006 | 31 Mar 2006 | 9.22B | — | 2.94B | -6.28B | 0.12 |
| Q4 FY2005 | 31 Dec 2005 | 19.16B | -17.02% | 2.96B | -16.20B | 0.24 |
| Q3 FY2005 | 30 Sept 2005 | 22.16B | — | 2.18B | -19.98B | 0.28 |
| Q2 FY2005 | 30 Jun 2005 | 19.30B | +75.71% | 1.36B | -17.94B | 0.24 |
| Q1 FY2005 | 31 Mar 2005 | 0.00 | — | 1.52B | 1.52B | 0.00 |
| Q4 FY2004 | 31 Dec 2004 | 23.09B | +3.43% | 1.48B | -21.61B | 0.30 |
| Q3 FY2004 | 30 Sept 2004 | 0.00 | -100.00% | 1.82B | 1.82B | 0.00 |
| Q2 FY2004 | 30 Jun 2004 | 10.99B | -2.51% | 942.08M | -10.04B | 0.25 |
| Q1 FY2004 | 31 Mar 2004 | 0.00 | -100.00% | 1.36B | 1.36B | 0.00 |
| Q4 FY2003 | 31 Dec 2003 | 22.33B | +1.44% | 2.13B | -20.19B | 0.29 |
| Q3 FY2003 | 30 Sept 2003 | 19.97B | +40.98% | 1.50B | -18.48B | 0.27 |
| Q2 FY2003 | 30 Jun 2003 | 11.27B | -19.77% | 1.48B | -9.79B | 0.26 |
| Q1 FY2003 | 31 Mar 2003 | 12.05B | -30.07% | 872.40M | -11.17B | 0.27 |
| Q4 FY2002 | 31 Dec 2002 | 22.01B | +2.76% | 1.74B | -20.27B | 0.32 |
| Q3 FY2002 | 30 Sept 2002 | 14.17B | -2.79% | 820.30M | -13.34B | 0.32 |
| Q2 FY2002 | 30 Jun 2002 | 14.05B | -3.63% | 1.03B | -13.02B | 0.32 |
| Q1 FY2002 | 31 Mar 2002 | 17.23B | +30.36% | 1.17B | -16.06B | 0.38 |
| Q4 FY2001 | 31 Dec 2001 | 21.42B | +1.07% | 1.81B | -19.61B | 0.29 |
| Q3 FY2001 | 30 Sept 2001 | 14.57B | +1.68% | 1.23B | -13.34B | 0.33 |
| Q2 FY2001 | 30 Jun 2001 | 14.57B | +15.00% | 1.18B | -13.39B | 0.27 |
| Q1 FY2001 | 31 Mar 2001 | 13.22B | +46.84% | 1.51B | -11.71B | 0.25 |
| Q4 FY2000 | 31 Dec 2000 | 21.19B | +45.70% | 1.83B | -19.36B | 0.29 |
| Q3 FY2000 | 30 Sept 2000 | 14.33B | -8.54% | 1.24B | -13.09B | 0.29 |
| Q2 FY2000 | 30 Jun 2000 | 12.67B | -20.04% | 3.92B | -8.76B | 0.27 |
| Q1 FY2000 | 31 Mar 2000 | 9.00B | -37.98% | 289.60M | -8.71B | 0.32 |
| Q4 FY1999 | 31 Dec 1999 | 14.54B | +5.74% | 1.55B | -12.99B | 0.34 |
| Q3 FY1999 | 30 Sept 1999 | 15.67B | — | 883.00M | -14.79B | 0.36 |
| Q2 FY1999 | 30 Jun 1999 | 15.85B | — | 771.00M | -15.08B | 0.38 |
| Q1 FY1999 | 31 Mar 1999 | 14.51B | — | 575.00M | -13.94B | 0.35 |
| Q4 FY1998 | 31 Dec 1998 | 13.76B | +24.74% | 405.00M | -13.35B | 0.33 |
| Q4 FY1997 | 31 Dec 1997 | 11.03B | +143.30% | 420.98M | -10.61B | 0.31 |
| Q4 FY1996 | 31 Dec 1996 | 4.53B | -17.57% | 153.00M | -4.38B | 0.35 |
| Q4 FY1995 | 31 Dec 1995 | 5.50B | -18.51% | 395.00M | -5.10B | 0.47 |
| Q2 FY1995 | 30 Jun 1995 | 12.08B | — | 551.70M | -11.53B | 0.63 |
| Q4 FY1994 | 31 Dec 1994 | 6.75B | -19.49% | 188.00M | -6.56B | 0.61 |
| Q4 FY1993 | 31 Dec 1993 | 8.38B | -18.32% | 210.00M | -8.17B | 0.86 |
| Q4 FY1992 | 31 Dec 1992 | 10.26B | +25.82% | 250.00M | -10.01B | 1.06 |
| Q4 FY1991 | 31 Dec 1991 | 8.15B | +17.83% | 717.00M | -7.44B | 0.77 |
| Q4 FY1990 | 31 Dec 1990 | 6.92B | -16.52% | 621.00M | -6.30B | 0.63 |
| Q4 FY1989 | 31 Dec 1989 | 8.29B | +15.40% | 419.00M | -7.87B | 0.77 |
| Q4 FY1988 | 31 Dec 1988 | 7.18B | +28.98% | 340.00M | -6.84B | 0.62 |
| Q4 FY1987 | 31 Dec 1987 | 5.57B | +2.39% | 1.28B | -4.29B | 0.52 |
| Q4 FY1986 | 31 Dec 1986 | 5.44B | -1.79% | 2.53B | -2.91B | 0.55 |
| Q4 FY1985 | 31 Dec 1985 | 5.54B | — | 2.21B | -3.33B | 0.56 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about BP's debt
Source: Financial Modeling Prep