BP vs. TRP: BP vs. TC Energy Stock Comparison

November 11, 2026

How do BP (BP) and TC Energy (TRP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BP (BP) and TC Energy (TRP) both belong to the Oil, Gas & Consumable Fuels industry, though BP is classified under Integrated Oil & Gas while TRP falls under Oil & Gas Storage & Transportation.

TC Energy (TRP) trades as ordinary local shares, while BP (BP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BP (BP) and TC Energy (TRP)
Profile Item	BP	TRP
Name	BP Plc Sponsored ADR	TC Energy Corporation
Country/Region	United Kingdom	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Oil & Gas Storage & Transportation
Market Capitalization	114.69 billion USD	64.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	September 20, 1982
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

TRP

GSPC

BP (BP) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BP (BP) and TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BP (BP) and TC Energy (TRP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Total Return (1Y)	28.75%	24.67%
Total Return (3Y, Annualized)	14.45%	26.02%
Total Return (5Y, Annualized)	15.30%	9.85%

Risk Profile

Drawdown History

TRP

GSPC

BP (BP) vs. TC Energy (TRP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BP (BP) and TC Energy (TRP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Volatility (1Y, Annualized)	30.74%	19.39%
Beta (5Y)	0.19	0.64
Max Drawdown (5Y)	-30.64%	-38.98%
Avg. Volume (3M)	9.10M	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

BP and TRP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Sharpe Ratio (1Y)	0.80	1.05
Sortino Ratio (1Y)	1.11	1.61

Profitability

ROE (TTM)

Both BP (BP) at 13.42% and TC Energy (TRP) at 12.15% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BP

Energy industry group

13.42%

Max: 53.85%
Q3: 24.79%
BP: 13.42%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TRP

Energy industry group

12.15%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TRP: 12.15%
Q1: 2.03%
Min: -29.09%

BP (BP) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of BP (BP) at 3.84%, which keeps about the industry-typical share.

BP

Energy industry group

3.84%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
BP: 3.84%
Q1: 0.07%
Min: -27.38%

TRP

Energy industry group

25.05%

Max: 56.92%
TRP: 25.05%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

BP (BP) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of BP (BP) at 18.59%, which runs around its industry’s norm.

BP

Energy industry group

18.59%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
BP: 18.59%
Q1: 6.94%
Min: -24.52%

TRP

Energy industry group

41.66%

Max: 71.31%
TRP: 41.66%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

BP (BP) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
ROE (TTM)	13.42%	12.15%
ROA (TTM)	6.75%	3.70%
Net Margin (TTM)	3.84%	25.05%
Operating Margin (TTM)	18.59%	41.66%
Gross Margin (TTM)	29.56%	70.07%

Growth

Revenue Growth

Both BP (BP) at 0.08% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

BP (BP) vs. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

TC Energy (TRP) at -26.19% is around its peer norm for EPS growth, while BP (BP) at -85.34% drops into the bottom quartile, signaling weaker earnings momentum.

BP (BP) vs. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Revenue Growth (YoY)	0.08%	10.66%
Revenue Growth (3Y CAGR)	-7.78%	7.38%
EPS Growth (YoY)	-85.34%	-26.19%
EPS Growth (3Y CAGR)	--	72.24%

Financial Strength

Current Ratio (MRQ)

BP (BP) at 1.29 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.

BP

Energy industry group

1.29

Max: 3.64
Q3: 2.21
Median: 1.41
BP: 1.29
Q1: 0.88
Min: 0.24

TRP

Energy industry group

0.57

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRP: 0.57
Min: 0.24

BP (BP) vs. TC Energy (TRP): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

BP (BP) at 0.87 carries an industry-typical debt-to-equity mix, while TC Energy (TRP) at 1.68 uses more debt funding than most peers.

BP

Energy industry group

0.87

Max: 1.75
Q3: 0.93
BP: 0.87
Median: 0.54
Q1: 0.30
Min: 0.00

TRP

Energy industry group

1.68

Max: 1.75
TRP: 1.68
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

BP (BP) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Current Ratio (MRQ)	1.29	0.57
Debt / Equity (MRQ)	0.87	1.68
Net Debt / EBITDA	0.56	6.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while BP (BP) at 0.76% pays a more typical yield — both are credible income propositions, TRP the richer one.

BP

Energy industry group

0.76%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
BP: 0.76%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

5.57%

Max: 8.57%
TRP: 5.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

BP (BP) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both BP (BP) at 95.25% and TC Energy (TRP) at 93.87% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

BP

Energy industry group

95.25%

Max: 133.24%
BP: 95.25%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TRP

Energy industry group

93.87%

Max: 133.24%
TRP: 93.87%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

BP (BP) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
Dividend Yield (TTM)	0.76%	5.57%
Dividend Payout Ratio (TTM)	95.25%	93.87%

Valuation

P/E Ratio (TTM)

BP (BP) at 21.72 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

BP

Energy industry group

21.72

Max: 39.54
BP: 21.72
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

TRP

Energy industry group

23.19

Max: 39.54
TRP: 23.19
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

BP (BP) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

BP (BP) at 0.49 looks cheap on sales in the lower P/S ratio quartile, while TC Energy (TRP) at 4.03 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

BP

Energy industry group

0.49

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
BP: 0.49
Min: 0.00

TRP

Energy industry group

4.03

Max: 5.40
TRP: 4.03
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

BP (BP) vs. TC Energy (TRP): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: TC Energy (TRP) at 3.54 sits in the upper P/B ratio quartile, and BP (BP) at 7.43 prices even higher, above its industry range.

BP

Energy industry group

7.43

BP: 7.43
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

TRP

Energy industry group

3.54

Max: 4.21
TRP: 3.54
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

BP (BP) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for BP (BP) and TC Energy (TRP)
Metric	BP	TRP
P/E Ratio (TTM)	21.72	23.19
P/S Ratio (TTM)	0.49	4.03
P/B Ratio (MRQ)	7.43	3.54
Free Cash Flow Yield (TTM)	14.84%	0.77%