Among the songs recorded during the album sessions were two covers of tracks originally by members' previous bands — specifically, Mott the Hoople's "Ready for Love" (recorded while Mick Ralphs was with the band and released on their 1972 album All the Young Dudes) and "Easy on My Soul" (recorded by Paul Rodgers and Simon Kirke with Free and released on Heartbreaker in 1973). The latter did not make the final album, but was released as the B-side to second single "Movin' On".
The album reached the top of the US Billboard 200.[12] Since then, the album has been certified five times platinum by the RIAA, and became the 46th best selling album of the 1970s.[13] The album spent 25 weeks in the UK Albums Chart, entering at No. 10 on June 15, 1974, and reaching its highest position of No. 3 in the second week.[14]Kerrang! magazine listed the album at No. 40 among the "100 Greatest Heavy Metal Albums of All Time".[15][16] The album was also included in the book 1001 Albums You Must Hear Before You Die.[17] In 2000 it was voted number 323 in Colin Larkin's All Time Top 1000 Albums.[18]
Ultimate Classic Rock critic Matt Wardlaw named four songs from Bad Company – "Bad Company", "Can't Get Enough", "Ready for Love" and "Seagull" – to be among Bad Company's 10 greatest songs.[21]