Spencer Dale, group chief economist, discusses the base case plus key themes and alternative scenarios in the BP Energy Outlook
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 2018, BP produced 772,000 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% 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 makes projections on long-term energy trends and shares its view of the likely path of global energy markets to 2035.
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 provides objective, global data on energy markets to inform discussion, debate and decision-making.
BP explores how U.S. oil production achieved the largest increase in the country’s history.