BP Midstream Partners owns, operates, develops and acquires pipelines and other midstream assets. Co.'s assets consist of interests in entities that own crude oil, natural gas, refined products and diluent pipelines and refined product terminals serving as primary infrastructure for BP p.l.c. (BP) and other customers to transport onshore crude oil production to BP's Whiting Refinery and offshore crude oil and natural gas production to primary refining markets and trading and distribution hubs. Certain of Co.'s assets deliver refined products and diluent from the Whiting Refinery and other U.S. supply hubs to primary demand centers. We show 1 historical shares outstanding datapoints in our BPMP shares outstanding history coverage, used to compute BPMP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BPMP market cap history over the course of time is important for investors
interested in comparing BPMP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BPMP versus a peer is one thing; comparing
BPMP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BPMP can fluctuate over the course of history.
With this page we aim to empower investors researching BPMP by allowing them to research the BPMP market cap history. |
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Video: The Importance of Market Cap
