BP PLC vs SUNOCO LP, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: Sunoco is a fuel-distribution MLP whose 28.5% free-cash figure is distribution mechanics, not a bargain signal, priced for its payout rather than growth; BP is a supermajor priced for oil-cycle recovery under a pile of impairments. Neither carries a usable P/E. Sunoco earns a thin 3.1% net margin moving fuel through terminals and pipelines, a toll model; BP earns 0.7% across the whole integrated stack. The comparison is structural rather than competitive: an income vehicle against a restructuring giant, both throwing off outsized free-cash figures for opposite reasons, one by design (MLP payout) and one by write-down (BP's suppressed denominator). Read the yields with those asterisks attached.
Comparison updated 2026-07-11.
| Metric | BP | SUN |
|---|---|---|
| Price | $37.12 | $66.32 |
| Market cap | $101.5B | $3.4B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +2.7% |
| P/B | 1.37 | — |
| P/S | 0.53 | 0.11 |
| EV/EBITDA | 2.1 | 2.3 |
| Revenue growth | +6.9% | +40.5% |
| Operating margin | 6.6% | 8.1% |
| Net margin | 0.7% | 3.1% |
| Return on equity | 1.8% | — |
| Return on assets | 0.5% | 3.2% |
| Return on invested capital | 13.5% | 9907.9% |
| FCF yield | 24.1% | 28.5% |
| Debt / equity | 0.00 | — |
| Current ratio | 1.26 | 1.40 |
| Altman Z (solvency) | 1.23 | 1.28 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.