bp’s impact on the UK economy in 2022
2022 was a year of investment and delivery for bp in the UK. The impact of our activity can be felt right across the country, stimulating economic growth, generating employment, raising tax revenues and spurring innovation.
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Highlights
In total, bp supported £20 billion in gross value-added contributions to UK GDP - equivalent to 0.79% of UK GDP
- In total, bp supported £20 billion in gross value-added contributions to UK GDP - equivalent to 0.79% of UK GDP
- bp’s own operations directly created a £15 billion gross value-added contribution to GDP. bp directly generated £1 of every £170 of UK GDP in 2022.
- bp employed 15,468 people and stimulated a further 68,000 jobs along the UK supply chain.
- bp spent a total of £5.0 billion with UK businesses, across more than 10,000 contracts
Wider benefits of bp’s UK presence in 2022 include:
- Wider benefits of bp’s UK presence in 2022 include:
- 60 million barrels of oil and gas produced from its North Sea UK operated facilities
- 150 million electric vehicle (EV) miles powered by bp pulse
- Over 1 million customer touchpoints per day
- Over £1.85 million donated - including matched funding - by bp’s UK employees
- More than 600,000 students reached by bp’s STEM education content
