BP drawdown: 47.0% below the all-time high
BP p.l.c. (BP) is 47.0% below its all-time high, set Nov 6, 2007 (as of market close, Aug 6, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1973).
- Below all-time high
- −47.0%
- 53.0% of ATH
- All-time high
- $79.70
- Nov 6, 2007
- Time below the high
- 18.7 yrs
- since Nov 6, 2007
- Worst-ever drawdown
- −81.3%
- Oct 28, 2020
- Longest underwater
- 18.7 yrs
- between all-time highs
- Today's level first reached
- Aug 6, 1997
- 29.0 yrs ago
- Last time this deep
- Feb 18, 1993
- in a previous episode
% of all-time high since 1973#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of BP, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 6, 2007 | Oct 28, 2020 | −81.3% | 13.0 yrs | not yet | 18.7 yrs+ |
| Nov 20, 1980 | Aug 10, 1982 | −69.4% | 1.7 yrs | Jul 26, 1995 | 14.7 yrs |
| Dec 16, 1999 | Jan 27, 2003 | −43.0% | 3.1 yrs | Feb 10, 2005 | 5.2 yrs |
| May 19, 1977 | Jul 6, 1978 | −35.7% | 14 mo | Jan 30, 1979 | 1.7 yrs |
| Feb 20, 1980 | Mar 24, 1980 | −25.3% | 33 days | Sep 23, 1980 | 7 mo |
| May 1, 1998 | Aug 31, 1998 | −24.4% | 4 mo | Mar 17, 1999 | 11 mo |
| May 5, 2006 | Mar 5, 2007 | −23.1% | 10 mo | Oct 26, 2007 | 18 mo |
| Sep 29, 1997 | Jan 6, 1998 | −18.9% | 3 mo | Mar 23, 1998 | 6 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1973: how far BP stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: BP is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is BP from its all-time high?
- BP is currently 47.0% below its all-time high, set Nov 6, 2007 (as of market close, Aug 6, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest BP drawdown ever?
- The deepest decline on record in our data (since 1973) took the stock 81.3% below its prior high, bottoming Oct 28, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1973 (split-adjusted). "All-time" means since our price data begins — BP may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.