Company Market cap Historic EV/EBI EV/FC EARNINGSin $ blns PE DA QUALITY*Exxon 416 10.06 4.62 23.15 90Shell 218 7.33 4.51 21.87 N/AChevron 215 7.92 3.33 27.70 64BP 135 5.33 3.21 17.90 27Total SA 122 7.26 3.22 N/A 38
Data from Thomson Reuters Eikon/analysts reports
SHADOW OF THE SPILL The core reasons for a BP stock market value 'discount', which analysts put in the tens of billions of dollars, are the Russian uncertainties and the looming shadow of potential liabilities for the 2010 U.S. Gulf oil spill. After months of growing expectations that U.S. authorities were moving towards a settlement, in August the
TO-DO LIST On Dudley's to-do list now are production problems in
NO EASY RIDE And BP's rivals have their own crosses to bear; witness Shell's embarrassing stutter in
''We've set out our strategy to 2014 - focusing the company around our strengths, the things we do well - and are making good progress on it,`` said BP in its statement. ''These strengths include exploration, operating in the deep water, developing gas value chains from production to market, and developing and managing giant fields. And looking for valuable barrels rather than simple volumes. Between 2012 and 2014 we expect to bring 15 new major upstream projects on stream that have margins double that of our 2011 portfolio average.`` All music to investors' ears, but some of its rivals have a head start, and they won't be standing still.
(Reporting by Andrew Callus; Editing by