Commitment to energy security

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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 2017, BP produced 712,000 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 746,000 barrels of crude oil every day. More than 7,000 retail sites operate in the U.S. under a BP brand (BP, Amoco, 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.