Main industries for revenues:

1. Refining and distribution of petroleum products
2. Petrochemicals
3. Natural gas

TOP 3 markets and their percentage shares (estimated for 2025):

1. India: approx. 70%
2. Middle East: approx. 15%
3. Southeast Asia: approx. 10%

Bharat Petroleum Corporation Limited (BPCL) generates the majority of its revenues from the refining and distribution of petroleum products, which is typical for a company in the oil and gas industry. The Indian market is the most significant for BPCL, as the company has a strong presence and infrastructure there.

The Middle East and Southeast Asia are also important markets, as BPCL exports its products to these regions and benefits from the demand for energy there. The remaining revenues are distributed across other international markets and business fields.

Production sites of Bharat Petroleum Corporation Limited (BPCL):

BPCL operates several refineries and production facilities in India. The key locations are:

• Mumbai Refinery: One of the company's oldest refineries, located in Mahul, Mumbai.
• Kochi Refinery: This refinery is situated in Ambalamugal, Kochi, and is one of the largest refineries in India.
• Bina Refinery: Located in Bina, Madhya Pradesh, this refinery is a joint venture with Oman Oil Company.
• Numaligarh Refinery: Located in the state of Assam, this refinery is known for its environmentally friendly practices.

BPCL produces a variety of products at these sites, including gasoline, diesel, kerosene, liquefied petroleum gas, and petrochemical products. The strategic location of these refineries enables BPCL to efficiently serve the Indian market while also leveraging export opportunities.

Investments in Renewable Energies: 1 billion USD by 2025
Target for Renewable Energy Capacity: 10 GW by 2040

Bharat Petroleum Corporation Limited (BPCL) is pursuing a strategy that heavily focuses on diversification into renewable energies. The company plans to invest around 1 billion USD in renewable energies by 2025 to significantly increase its capacity in this area.

BPCL has set the goal of achieving a renewable energy capacity of 10 gigawatts by 2040. This strategy is part of a broader plan to reduce dependence on fossil fuels and promote sustainable energy sources.

In addition, BPCL is investing in the modernization and expansion of its existing refineries to increase efficiency and production capacities. This is intended to help meet the growing demand for energy in India while minimizing environmental impact.

Main commodity: Crude oil

Main importing countries: Saudi Arabia, Iraq, United Arab Emirates, Nigeria, USA

Bharat Petroleum Corporation Limited (BPCL) mainly imports crude oil, which is the most important raw material for the refining and production of petroleum products. The main supplier countries are Saudi Arabia and Iraq, which are among the largest crude oil exporters in the world. Other significant suppliers are the United Arab Emirates, Nigeria, and the USA.

These countries are preferred due to their large oil reserves and their ability to supply crude oil in large quantities at competitive prices. BPCL diversifies its sources to ensure supply security and benefit from price advantages.

Market share in India: Approximately 25% (2023)

Refining capacity: 38.3 million metric tons per year (2023)

Net revenue: 3.46 trillion INR (2023)

Bharat Petroleum Corporation Limited (BPCL) has a significant competitive advantage due to its strong market presence in India, one of the largest and fastest-growing energy markets in the world. With a market share of around 25%, BPCL is one of the leading players in the Indian oil and gas market.

BPCL's refining capacity is 38.3 million metric tons per year, enabling the company to ensure a stable supply of refined products and to flexibly respond to demand fluctuations. This capacity, combined with an extensive distribution network, strengthens BPCL's position in the market.

Another advantage is the support from the Indian government, which considers BPCL strategically important. This support can come in the form of regulatory benefits or investment incentives, further enhancing the company's competitiveness.

BPCL also continuously invests in modernizing its infrastructure and expanding its product portfolio, contributing to the long-term strengthening of its market position.

Institutional Investor Share: 52% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last year (estimated)

The institutional investor share in Bharat Petroleum Corporation Limited (BPCL) traditionally exceeds 50%, indicating the trust of large institutional investors in the company's long-term prospects. These investors typically include pension funds, investment funds, and other major financial institutions.

In 2025, no significant insider buys or sells are known, suggesting that management and other insiders may not expect significant changes in the company's valuation or are maintaining their positions. This can be interpreted as a sign of confidence in the current corporate strategy and market position.

Market share of Bharat Petroleum Corporation Limited (BPCL): 22% (estimated, 2025)

Top competitors and their market shares:

1. Indian Oil Corporation (IOC): 40%
2. Hindustan Petroleum Corporation Limited (HPCL): 18%
3. Reliance Industries Limited (RIL): 10%
4. Nayara Energy: 5%
5. Shell India: 3%

Moat of BPCL:

BPCL has a moderate moat, mainly based on its established infrastructure, wide distribution network, and strong brand recognition. These factors enable BPCL to operate efficiently and maintain a stable customer base. State support can also be seen as an advantage that provides the company with a certain level of stability.

In comparison, Indian Oil Corporation (IOC) has a stronger moat as it is the largest player in the Indian market with an even more extensive infrastructure and a larger distribution network. IOC benefits from economies of scale and a leading position in refinery capacity.

Reliance Industries Limited (RIL) also has a significant moat, especially through its vertical integration and diversification into other business areas such as petrochemicals and telecommunications. This provides RIL with greater flexibility and resilience to market fluctuations.

Overall, BPCL has a solid but not outstanding moat compared to its competitors. The competition, especially IOC and RIL, tends to have stronger competitive advantages due to their size and diversification.

Revenue growth: Estimated 10% (2024) Profit growth: Estimated 8% (2024) Market share in the Indian oil sector: Approx. 25% (2023)

Bharat Petroleum Corporation Limited (BPCL) is one of the leading companies in the Indian oil and gas market. The company benefits from the growing energy demand in India and has been continuously investing in the modernization and expansion of its refinery capacities in recent years.

BPCL has also initiated initiatives to diversify into renewable energies to protect itself in the long term against the volatility of fossil fuel markets. These strategic steps could make the company more resilient to market changes in the coming years.

The Indian government continues to plan investments in infrastructure, which could benefit BPCL as it can expand its distribution and refinery capacities. Given these factors, BPCL could be an attractive investment for investors interested in the long-term development of the Indian energy market.

Dividend Yield: 4.5% (2024) Dividend Growth: 3% (annually, average of the last 5 years)

Bharat Petroleum Corporation Limited (BPCL) regularly pays dividends to its shareholders. The dividend yield was recently around 4.5%, which is considered attractive compared to other companies in the industry.

BPCL has pursued a consistent dividend policy in recent years, with an average dividend growth of about 3% per year. This indicates a reliable payout supported by stable earnings and a solid financial foundation.

The company benefits from its strong market position in the energy sector and its ability to generate stable profits even in volatile markets. Analysts expect BPCL to continue reliably distributing dividends in the coming years.