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5 key ways bp is investing in America 

Release date:
25 March 2024
A green map of the United States with icons showing bp's operations
The US accounted for nearly half of bp’s global investment – more than $8 billion – in 2023, according to the latest US Impact Report.

Highlights from the 2024 report:

  1. bp now directly employs more than 30,000 people in the US and supports more than 275,000 jobs. In 2023, bp added more than $60 billion to America’s economy.
  2. Our onshore oil and gas business, bpx, grew production 13% year-over-year in 2023, driving toward a 30-40% increase by 2025 (vs 2022). 
  3. bp is America’s largest producer of renewable natural gas, with more growth expected as Archaea Energy expects to start up between 15 to 20 new plants per year through 2025.
  4. Looking to our next wave of growth in the Gulf of Mexico, we’re building capacity to produce above 400,000 barrels of oil equivalent per day.
  5. TravelCenters of America joined bp’s US brands, helping our global convenience business deliver over 60% growth year-on-year in gross margin in 2023.
A headshot of Orlando Alvarez, SVP GPTA and chairman & president, bp America
“We’re proud of the people behind our US businesses and confident in the shared purpose that brings them to work each day.” Orlando Alvarez, SVP GPTA and chairman & president, bp America