BP's commitment to the U.S. dates back 150 years through our heritage companies, Atlantic Refining and Richfield Petroleum. In the 1960s, the two companies merged, forming Atlantic Richfield or ARCO for short. That same decade, Standard Oil of Ohio (Sohio) and BP reached a deal that led to the first oil to flow from the North Slope of Alaska through the Trans-Alaska pipeline in 1977. Ten years later, BP acquired Sohio and made it the cornerstone of a new national operation, BP America. In 1998, Amoco and BP announced their merger, combining their worldwide operations into a single organization. Overnight, the new company became the largest producer of both oil and natural gas in the U.S. Fast-forward to today: BP is leading the way in helping to meet the energy needs both of America and the world.
In 2017, our businesses supported more than 125,000 U.S. jobs and contributed $85 billion to the U.S. economy. BP invests more in the United States than we do in any other country – $100+ billion between 2005 and 2017 – making us one of America’s top producers and refiners of oil and gas. With more than a dozen wind farms across eight states, BP is also one of the largest operators of renewable energy among our peers. And in 2017, a net wind portfolio the size of BP’s helped avoid around 2.3 million metric tons of carbon dioxide emissions.
In the last two years, BP Alaska improved its operating efficiency to 85% – extracting the equivalent of a whole new oil field from existing wells in Prudhoe Bay
Since 2016, we’ve completed a massive maintenance and facility building project to improve safety and efficiency
In 2018, this refinery launched a renewable diesel unit to co-process biomass alongside conventional feedstocks, producing ultra-low-sulfur diesel
Our $200 million modernization project reduces energy consumption 40%, while slashing CO2 emissions up to 110,000 tons per year
Seismic processing and our Houston supercomputer identified an additional 1 billion barrels of oil accessible from our Gulf of Mexico hubs
Since 2000, BPX Energy has slashed total greenhouse gas emissions by more than 2 million metric tons of CO2 equivalent
In 2017, this plant completed a major expansion, significantly improving its operational efficiency and increasing production of metaxylene by 10%
Our waste heat recovery project generates steam from exhaust gas, recycling it into energy to run the refinery
In 2018, BP partnered with Tesla to install a high-storage battery at its Titan 1 wind farm in South Dakota