Spencer Dale, group chief economist, discusses the base case plus key themes and alternative scenarios in the BP Energy Outlook
To fuel America’s future, BP is focusing on high-value, high-quality projects that play to its distinctive strengths. These include exploration and discovery, deepwater, giant fields and gas supply chains and a high quality downstream business – all supported by leading-edge technology. In 2015, BP produced 643,000 barrels of oil equivalent per day, making the company one of America’s largest oil and natural gas producers. BP also is one of the top refiners in the U.S., with the capacity to process 744,000 barrels of crude oil every day. More than 7,000 retail sites operate in the U.S. under a BP brand (BP, ampm and ARCO), together representing 40 percent of the company’s global presence. BP safely and responsibly provides the raw materials that power and heat homes, fuel the vehicles that keep the community moving and form the building blocks of everyday items ranging from paints and detergents to clothes and packaging.
BP technology outlook
The world of energy faces some tough challenges in the decades ahead, particularly in meeting increasing demand with less environmental impact.
BP Energy Outlook 2035 U.S. insight
BP projects that the U.S. will become energy self-sufficient in 2023 and remain the world’s largest liquids and natural-gas producer.
BP and technology
BP invests in new technology to more safely, efficiently and sustainably develop and provide energy.