October 3, 2017
BP fuels economic growth across America, and it contributed $67 billion to the U.S. economy last year alone through its wide-ranging operations and business activities.
Released today, the company’s fifth annual U.S. Economic Impact Report highlights the many ways in which BP supports American communities while also helping to accelerate the global transition toward lower-carbon energy sources. The report details how BP spent $16 billion with 11,000 vendors nationwide in 2016, and how it supports more than 120,000 American jobs overall.
To put BP’s impact in perspective:
- BP is the biggest investor in the deepwater Gulf of Mexico over the past decade, and its average daily production in the region increased from 252,000 barrels of oil equivalent in 2014 to more than 300,000 in 2017.
- The company’s Lower 48 onshore business is one of America’s largest natural gas producers, and in 2016 its investment and operating expenditures totaled nearly $1.6 billion.
- In Alaska, BP operates the entire Greater Prudhoe Bay area — which produces around 55 percent of Alaska’s oil and gas — and it supports more than 10,300 jobs across the state.
- The BP Whiting Refinery can produce enough gasoline each day to support the average daily travel of more than 7 million cars.
- The Cherry Point Refinery supplies a majority of the jet fuel used at international airports in Seattle, Portland, and Vancouver, British Columbia.
- The BP-Husky Toledo Refinery produces enough gasoline each day for an average car to drive back and forth from Toledo to Miami more than 30,000 times, while also processing enough jet fuel each day for an airplane to fly round-trip from Toledo to Miami 100 times.
- BP’s Cooper River Chemicals plant is America’s largest producer of purified terephthalic acid (PTA), and it can produce enough PTA each year to make more than 1 billion children’s backpacks.
- The Texas City Chemicals plant can produce enough paraxylene each year to make seat belts for 1.1 billion cars.
- BP is North America’s top marketer of natural gas, selling enough to meet the average daily needs of every home and commercial building in the United States.
- BP delivered enough fuel to its U.S. customers in 2016 to run all the cars in New York and New Jersey for the entire year.
- The company’s Castrol lubricants business is America’s No. 1 motor oil brand for consumers who change their own oil.
- The combined network of pipelines that BP’s U.S. Pipelines and Logistics business owns or manages is long enough to stretch from Chicago to London.
- BP’s U.S. wind farms can generate enough electricity to power all the homes in a city the size of Philadelphia, and in 2016, a net wind portfolio the size of BP’s helped avoid nearly 3 million tons of carbon dioxide emissions.
- Since 2006, BP Ventures has invested more than $230 million in 30 U.S. companies, including seven alternative energy companies.
- In 2016, BP Shipping moved over 42 million tons of cargo in the United States — enough to fill more than 15,000 Olympic-sized swimming pools.
The report also outlines BP’s charitable donations to community initiatives, including education, veterans and conservation programs. Since 2012, the company has donated $130 million to U.S. community programs, through a wide range of sponsorships, events and activities.
To view or download BP’s full U.S. Economic Impact Report 2017, visit: www.bp.com/EIR.