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BP Supports More than 22,500 Jobs, Spends $1.5 Billion in Alaska

New report highlights BP’s commitment to the US economy and to Alaska, where BP operates America’s largest oil field

BP’s business activities in Alaska help employ more than 22,500 people statewide, according to a new report released today by the company.

In its US Economic Impact Report 2013, BP detailed the impact of the $1.5 billion it spent with more than 350 vendors across the state in 2012. This activity supports the jobs of more than 2,300 BP employees and supports an additional 20,500 jobs in Alaska.

BP’s business investments in Alaska include 13 oilfields on the North Slope (including Prudhoe Bay, Endicott, Northstar and Milne Point), which account for about two-thirds of Alaska oil production.

Notably, after 36 years of production, Prudhoe Bay remains the largest oil field in North America.

“For more than 35 years, Alaskan oil and gas production has been a principal piece of BP’s global portfolio. With new technologies and investment, it will continue to play an integral role in our company’s business strategy and in America’s energy future,” said BP Alaska Regional President Janet Weiss. “Alaska has taken a significant step by establishing oil tax reform and it’s BP Alaska’s job to respond in a way that will strengthen the economy of Alaska. There are tens of thousands of Alaskan jobs dependent in some way on BP operations in the state, we believe that Alaska’s future and BP’s are very much intertwined.”

BP recently announced plans to add $1 billion in new investment and two drilling rigs to its Alaska North Slope fields over the next five years due to changes in Alaska’s oil tax law. These plans call for an increase in drilling and well-work activity, the upgrading of existing facilities and the addition of up to 200 new jobs in the state, giving a boost to both the company’s operations and the state’s economy.

Nationally, BP spent more than $25 billion with more than 15,000 vendors across the country in 2012, according to the company’s new report. All told, BP’s economic impact was $147 billion in the US last year.

To view or download BP’s full US Economic Impact Report 2013, please visit: www.BP.com/AmericaMap

BP in Alaska - By the Numbers :

Employees                                          2,300 direct employees

Total Jobs Supported                          22,500 jobs

Taxes and Royalties Paid                   $2.8 billion

Money Spent with Vendors                 $1.5 billion

Total Vendors                                      More than 350

Community Investment:                      $5.5 million in corporate contributions in 2012

About BP in the US:

Over the past five years, BP has invested more than $55 billion in the US – more than any other energy company. BP is the nation’s second-largest producer of oil and gas and provides enough energy annually to light nearly the entire country for a year. Directly employing more than 20,000 people in all 50 states, BP supports more than 260,000 jobs in total through all of its business activities. For more information, view our BP in the US animated video: http://bit.ly/BPFuelsAmerica13.

Source:  BP

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