Recent Release | 16 Aug 2023

bp’s economic impact on the UK economy in 2022

Economic Consulting Team

Oxford Economics

This study analyses the economic impact of bp in the United Kingdom in 2022.

bp has been based in the United Kingdom for more than 100 years. During that period, the company has provided the country with the reliable source of energy it needs to run. As one of the UK’s largest businesses, its activities have a significant footprint that reaches all nations and regions of the country.

In this report, we explore the economic impact that bp had in the United Kingdom in 2022. That includes the jobs, gross value added, and tax revenue the company was directly responsible for at its operational sites, as well as the economic activity bp stimulated along its supply chain by buying goods and services from businesses in the UK.

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The experts behind the research

Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:

Ian Saxon

Associate Director, Economic Impact

Mohammad Shafat

Economist, Economic Impact

Ankur Desai

Economist, Economic Impact

Tags:

bp Buying goods Carbon Footprint Economic Activity Economic Contribution Economic footprint Economic impact Gross Value Added Job Creation Job growth Operational site Reliable energy Tax Revenue United Kingdom

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