• BP average return on tangible equity for 2023 was 34.33, a 314.83% decline from 2022.
• BP average return on tangible equity for 2022 was -15.98, a 513.99% decline from 2021.
• BP average return on tangible equity for 2021 was 3.86, a 115.32% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.