1. Home
  2. Who we are
  3. bp’s impact on the EU27 economies in 2016

bp’s impact on the EU27 economies in 2016

bp’s economic impact report on the EU27 countries is based on research and analysis by Oxford Economics. We hope that it will be of use in understanding how a large business plays its part in creating wealth and prosperity and adding value to national economies across the EU27 countries (for the purposes of this report, the EU27 is defined as the 28 European Union countries less the United Kingdom)

2016 economic impact highlights

bp made a substantial impact on the EU27 economies in 2016

  • bp supported an estimated €10.7 billion gross value added contribution to the EU27 countries’ gross domestic product (GDP) and 176,000 jobs in 2016.
  • Of this total, bp directly generated a €3.1 billion gross value added contribution to the EU27 economies’ GDP and employed 14,900 people.
  •  bp spent €7.9 billion with about 19,000 EU27 suppliers, buying goods and services from suppliers in every EU27 country.
  • bp’s supply chain spending supported an estimated €7.6 billion gross value added contribution to EU27 countries’ GDP and 161,000 jobs11 jobs are supported for every BP employee across the EU27.

bp’s operations across Europe

Castrol, Air BP, and IST activities operate across most countries

Castrol, Air BP, and IST activities operate across most countries
  • Retail markets: UK; Germany; Netherlands; Luxembourg; Switzerland; Austria; Poland; Turkey; Portugal and Spain
  • Petrochemical plants: Hull (UK); Geel (Belgium); Gelsenkirchen (Germany)
  • Refineries: Gelsenkirchen, Lingen, Bayernoil (Germany); Rotterdam (Netherlands); Castellon (Spain)
  • Power plant: Bilbao (Spain) 
  • Lubricant distribution plants: Ghent (Belgium); Neuhof, Mönchengladbach, Landau (Germany); Péronne (France); Neudorf (Austria); Cornaredo (Italy)
  • Major distribution terminal: Frontignan (France)
  • Global Business Services: Budapest and Szeged (Hungary)

Channels through which bp contributes to the EU27 economy

bp itself made a substantial contribution to EU27 GDP in 2016

In 2016, bp directly generated a €3.1 billion gross value added contribution to EU27 countries’ GDP. 


That is equivalent to 5.7% of the entire gross value added created in Luxembourg in 2016, or 2.8% of that created in Hungary.

Source: Oxford Economics

bp employed people in more than two thirds of the EU27 countries in 2016

  • bp directly employed 14,900 people in 2016, including bp’s core workforce, retail workforce, and contractors.
  • That included 5,093 people in Germany (34% of the total), 3,650 in Poland (24%), and 1,992 in the Netherlands (13%).
  • The employment figures do not include all contractors, particularly in the retail business in Germany. These jobs are included in the supply chain impact.
Source: bp

bp’s EU27 and worldwide spending in 2016

  • bp spent €7.9 billion on capital and non-capital goods and services from about 19,000 EU27 suppliers in 2016. 
  • Oxford Economics’ bespoke global input-output model captured the within-country and cross-country impacts of this expenditure as it stimulated economic activity at EU27 suppliers.

Three sectors made up 60% of bp’s supply chain impact

bp’s supply chain spending had the greatest impact in the business services and the wholesale and retail trade sectors, supporting €1.7 billion of gross value added in each industry sector in 2016 (each accounting for 23% of the total). bp supported a further €950 million in the transport and storage sector (13%).


The 15 industry sectors in the EU27 benefitting most from bp procurement in 2016

Source: Oxford Economics

bp bought goods and services from suppliers in every EU27 country

Of the total of 19,000 suppliers, some 7,800 suppliers were in Germany (41% of the total), 2,100 were in Poland (11%), and 1,900 were in the Netherlands (10%).

Source: bp, Oxford Economics

bp’s spending with EU27 suppliers stimulated employment

bp’s procurement supported an estimated 68,000 jobs in Germany (or 42% of the supply chain total), 24,000 in Italy (15%) and 15,000 in Poland (9%).

Source: Oxford Economics

bp’s purchases from suppliers stimulated economic activity in EU27 countries

bp supported an estimated €7.6 billion gross value added contribution to EU27 countries’ GDP in 2016, of which 35% was in Germany, 15% in Italy, 13% in the Netherlands and 8% in Belgium.

Source: Oxford Economics

Operational spending accounted for the majority of the supply chain impact

Of the total supply chain impact, bp’s operational expenditure with suppliers supported 77% of the total gross value added contribution to GDP and 78% of the employment contribution.


bp’s capital expenditure supported the other 23% of the gross value added contribution and 22% of the employment contribution.

Source: Oxford Economics

bp’s total impact on the EU27 economies in 2016 was substantial

bp’s €10.7 billion in direct and indirect gross value added contributions is equivalent to 4.9% of Paris’ GDP in 2016.


The 176,000 jobs bp supported directly and indirectly are equivalent to 17% of all employment in Amsterdam.

Source: Oxford Economics
Source: Oxford Economics

GVA multiplier:

On average, every €1 of gross value added created by bp itself supported another €2.40 gross value added contribution elsewhere in the EU27 economies.


Jobs multiplier:

For every person bp employed, 11 jobs were supported elsewhere in the EU27.


* Note: BP’s employment multiplier was only calculated for countries where BP’s headcount was greater than 20 people.

bp’s impact across the EU27

Source: BP, Oxford Economics

Additional information on BP’s total GVA impact by country and BP's total jobs impact by country can be found in the EU27 economic impact report.


Totals in this report may not always be equal to the sum of component parts due to rounding.

About the report

This report sits alongside the companion publication that looks specifically at the economic impact in the UK. Reporting on bp’s activities during the calendar year 2016, the analysis focuses on the EU27 member states as well as showing comparison data for the UK, Norway and Switzerland.


Find out more about the methodology used in performing this analysis. 


Contacts, links and further information



bp disclaims any obligation to update this publication. Neither BP p.l.c., nor any of its subsidiaries, accepts liability for any inaccuracies or omissions or for any direct, indirect, special, consequential or other losses or damages of whatsoever kind in connection to this publication or any information contained in it.