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Find Out What's Happening With America's Largest Energy Investor

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Find Out What's Happening With America's Largest Energy Investor
StrategyStrategy2 min read

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BP

BP supports nearly 220,000 workers across the US.

This post is sponsored by BP.

BP is recognized as a global leader in the energy industry. And as the company's latest economic impact report shows, in recent years BP has made significant and sustained investments in projects across the US.

The company is America's largest energy investor - having invested nearly $50 billion since 2009 - and employs more than 18,000 people domestically. It supports an additional 200,000 workers across the US supply chain.

BP also generated roughly $143 billion in economic activity and spent more than $22 billion with vendors nationwide in 2013 alone.

The company unveiled the extent of these investments in its 2014 US Economic Impact Report, which details the company's contributions in Alaska, Louisiana, Texas, and other states. Broken down by state, the report sheds light on a number of BP's US initiatives, including the following:

Alaska: BP's operations in Prudhoe Bay - the largest oil field in North America - account for roughly 60% of the state's oil and gas production. BP's enhanced oil recovery technology has produced over 12 billion barrels of oil in the area, surpassing the 9.6 billion estimate.

Illinois: BP has generated billions of dollars in economic activity and contributed more than $30 million to Chicagoland's civic and community organizations.

Louisiana: The Bayou state continues to be a staging ground for the company's operations in the Gulf of Mexico. BP's heliport in Houma regularly choreographs the flights of nine helicopters moving to and from 13 offshore facilities, and its logistic base at Port Fourchon supplies all of BP's offshore assets in the Gulf of Mexico. BP has also donated $6.5 million to Louisiana schools and colleges over the last four years.

Texas: BP employs more people here - 7,200 - than in any other state. Its US headquarters, monitoring center (providing around-the-clock oversight of its Gulf of Mexico drilling activity and well operations), and Center for High Performance Computing (CHPC) are all based in Houston.

As BP America's President John Mingé explains of the company's investments in the US, "Every dollar of profit we earn here, we reinvest here." The 2014 Economic Impact Report shows the many ways that BP is contributing every day to the American economy and makes clear just how important this country is to BP's energy and economic plans.

To learn more about BP's investments in the US, read the full report here.

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