bp America releases latest U.S. Impact Report, detailing its significant economic footprint in the country.
bp has invested more than $135 billion in the U.S. since 2005, and their business activities support nearly a quarter million American jobs, contributing $60 billion to the national economy in 2021. bp has a larger presence in the United States than anywhere else in the world, and every major bp global business is active here.
In the report, Dave Lawler, chairman and president of bp America, wrote, "We are proud of our 150-year history in the United States, and we're committed to America for the long term as we transform our company in line with our ambition to reach net zero emissions by 2050 or sooner, and help the world get there too."
bp at a glance in the United States:
- $5.5 billion spent with local businesses in 2021
- $60 billion invested and 245,000 jobs supported across the US
- $4.1 billion acquisition of Archaea Energy in 2022
- Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the US
- Produces around 6,000 barrels of oil equivalent per day (boe/d) of RNG
- The #1 marketer of natural gas in North America
- US onshore wind farms produce enough electricity to power 500,000 homes
- US offshore East Coast wind projects projected to generate more than $1 billion in economic output to New York State
- Increasing investment in onshore US oil and gas business, mostly in Texas, from $1.7 billion in 2022 to $2.4 billion in 2023
- More than $10 billion invested in Gulf of Mexico over the past five years and another $7 billion by 2025
For more on how bp is investing in America, including in key US states, go to: bp.com/USImpactReport
