A message from bp America chairman & president Orlando Alvarez
In 2023, the US accounted for nearly half of bp’s global investment — more than $8 billion.
As bp transitions from an international oil company to an integrated energy company, we’re producing and investing in more of the energy the world needs today and wants for tomorrow.
We’re proud of bp’s deep roots here in the US, which reach back 150 years. Today, we employ more than 30,000 people and support more than 300,000 jobs. We’ve invested over $150 billion in the US since 2005. bp is a trusted partner for energy security and affordability for communities across the country.
Our strategy to lead the energy transition, and grow value for our company and the world, focuses on three areas: resilient hydrocarbons, convenience & mobility and low carbon energy. Each of these is wellrepresented in the US.
We’re proud of the people behind our US businesses and confident in the shared purpose that brings them to work each day.
I hope you’ll take a moment to learn more about our progress!
Orlando Alvarez SVP GPTA and chairman & president of bp America
bp in the US
Where we operate
bp headquarters
Major bp office
Production & operations
bpx energy
Offshore
Pipeline control center
Refineries
Terminals
Gas & low carbon
Biogas
Solar/Lightsource bp
Wind
Wind - Offshore
Innovation & engineering
Biosciences Center
bp ventures headquarters
Center for High Performance Computing
Customers & products
Air bp headquarters
bp pulse US headquarters
Castrol headquarters/major hub
Thorntons headquarters
TravelCenters of America headquarters
Trading & shipping
bp
For more details about bp’s US footprint, check out our interactive map at bp.com/USImpactReport
At a glance
Economic impact in the US
in US capital expenditures since 2005
$150bn+ $11bn+
contributed by our businesses to the national economy in the last two years
Support for US communities
spent with local business in 2023
Customer focus
3 m + $130bn+ $450 m + 8,000+ 300,000+ $80 m +
daily customers
spent with diverse suppliers in 2023
jobs supported across the country
retail sites – bp, Amoco, ARCO, Thorntons, TA
donated to community programs over the past five years
50,000+
vendors supported
In 2020, we set out our strategy to transition from an international oil company to an integrated energy company. In February 2024, we confirmed our destination is unchanged. We’re confident in our strategy to deliver this – but we’re going to do so as a simpler, more focused and higher value company.
& Our strategy: from IOC to IEC
Sustainability
Embedded across our strategy is our sustainability frame, which sets out our aims for getting to net zero, improving people’s lives and caring for our planet.
Transition growth engine: — Bioenergy
Transition growth engine: — Convenience — EV charging
Integration
Transition growth engine: — Renewables & power — Hydrogen
By harnessing our collective capabilities as the energy system transitions, bp will help more customers get the energy they want, while creating value for our shareholders.
Transition growth engines: transforming bp, supporting the global energy transition
Bioenergy
After purchasing Archaea Energy for $4.1 billion in 2022, bp is the largest producer of renewable natural gas in the US. In 2023, bp’s global biogas supply volumes were up 80% year-on-year, reflecting the Archaea uplift. Biofuels production globally was up by 18%.
Convenience
bp’s US brands – including ARCO/ampm, Amoco, Thorntons and TravelCenters of America – serve more than 3 million customers daily at over 8,000 retail sites across the US.
EV charging
bp’s electric vehicle (EV) charging arm, bp pulse, is committing to deploy around 3,000 fast and reliable charging points by 2025 at high-demand locations in the US.
Hydrogen
In October 2023, bp and the Midwest Alliance for Clean Hydrogen – the MachH2 coalition –announced their selection by the US Department of Energy for regional clean hydrogen hub funding. bp is evaluating plans to develop blue hydrogen production at or near bp’s Whiting, Indiana refinery.
Renewables & power
From carbon capture & storage, to solar to wind, we’re in action in the US – from the Northeast to the Southwest, from the Gulf Coast to the Great Lakes. Globally, bp had a 58.3GW renewables pipeline in 2023.
The energy America needs today:
resilient
hydrocarbons
bp is investing in today’s energy system, and building out tomorrow’s. In 2023, bp’s total US production was 679,000 barrels of oil equivalent per day, up around 15% from 2022.
We are one of the Gulf of Mexico’s largest oil producers, operating five major production platforms.
Our onshore oil and gas operations in Texas and Louisiana are home to some of bp’s most resilient hydrocarbons.
Our two US refineries – in Indiana and Washington state –meet the energy needs of people today, and we’re working to reimagine both as integrated low carbon energy hubs for tomorrow.
In 2023, we finished deploying our methane measurement approach across all our existing major operated upstream oil and gas assets.
Gulf of Mexico
Between 2022 to 2025, we plan to invest $7 billion in our Gulf of Mexico business – where we have some of the highest-value, lowest emissions barrels in our global portfolio.
1,300 employees
Building capacity to produce above Investing another barrels of oil equivalent per day from 2022-2025
400,000 $7bn
We’re one of the region’s largest oil producers, and we’re continuing investment and exploration around five operated hubs: Atlantis, Mad Dog, Na Kika, Thunder Horse and Argos.
With more than three decades of experience in the region, bp is looking to our next wave of growth – with major projects already underway. We’re building capacity to produce above 400,000 barrels of oil equivalent per day (boe/d), and we expect volumes to average around 350,000 boe/d through the second half of the decade.
In July 2024, we took a final investment decision on the Kaskida project, which will be our sixth operated hub in the region and feature a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day. Production is expected to start in 2029. The Kaskida project unlocks the potential future development of 10 billion barrels of discovered resources in place across the Kaskida and Tiber catchment areas.
Spotlight: Investing in America –and American energy security
In 2023, we brought online Argos, a new semi-submersible floating production platform and the centerpiece of bp’s $9 billion Mad Dog 2 project. Argos provides an additional source of crude supply at a time of heightened concerns about energy security and affordability.
bpx energy
In 2023, bpx energy grew production by 13% year-on-year. We’re driving toward a 30-40% increase in production in our onshore oil and gas business by 2025 compared to 2022.
barrels of oil equivalent per day expected by 2030 >650,000 employees working across bpx 900+
~$2.5bn
average annual capital expenditure from 2024 to 2030
In the Permian Basin of Texas, our three central processing facilities – Grand Slam, Bingo and Check Mate – help bp decarbonize our existing production, centralizing delivery of oil and gas to reduce emissions at the source.
bpx is expected to grow to more than 650,000 barrels of oil equivalent per day by 2030 – that’s around double its production in 2022, and around a 10% compound annual growth rate from 2022.
In 2023, bpx achieved its goal of electrifying 95% of its wells in the Permian to reduce operational emissions. Compared to gas-driven power generators, electrification is a cleaner, more reliable and cost-effective way to distribute power across an oilfield.
Tackling methane emissions
bp welcomes the finalization of a strong federal methane rule for new, modified and – for the first time – existing sources.
A well-designed rule will help drive material methane emission reductions this decade and beyond. We’ve collaborated with the EPA and a diverse group of stakeholders to support the development of strong, durable and well-designed methane regulation.
We look forward to engaging with stakeholders on the next phases of implementation.
Refineries
Our US refineries represent about 40% of bp’s global refining capacity, producing the energy people need for everyday life.
130,000+
jobs supported across IN, IL and WA
Our US refineries represent more than
~700,000 40%
barrels of crude oil refining capacity daily in the US of bp’s global refining capacity
Whiting – Whiting, Indiana
Our Whiting refinery is the largest in the Midwest and bp’s largest anywhere in the world, with capacity to process around 440,000 barrels of crude oil every day. Whiting also produces a wide range of transportation fuels, along with 7% of all asphalt in the US.
In October 2023, bp and the Midwest Alliance for Clean Hydrogen – the MachH2 coalition – announced their selection by the US Department of Energy for regional clean hydrogen hub funding. bp is evaluating plans to develop blue hydrogen production at or near bp’s Whiting, Indiana refinery.
The Whiting refinery held its first-ever Community Night in June 2024. Refinery leadership led a panel discussion to give residents an overview of the refinery and its economic impact, commitment to the community and future. Community members also visited booths where employees talked about the refinery and the work they do.
Cherry Point – Bellingham, Washington
bp’s Cherry Point is the largest refinery in the Pacific Northwest. It was the first refinery in the Northwest capable of co-processing renewable diesel from biomass-based feedstocks. This fuel is chemically identical to petroleum diesel but has a lower carbon footprint.
Cherry Point can process approximately 250,000 barrels of crude oil per day. It’s the largest supplier of jet fuel to the Seattle, Portland and Vancouver international airports, and is also a significant supplier of anode-grade calcined coke to the world’s aluminum industry.
Recent improvements include the start-up of a new vacuum tower in the hydrocracker – the “heart” of the refinery where heavy gas oils are subjected to high temperatures and pressure in the presence of hydrogen to produce gasoline and jet fuel. The improvements enable this process while saving energy and reducing carbon dioxide emissions. The refinery also installed a new cooling tower and related infrastructure, which will enable more efficient cooling of process water.
Renewable Natural Gas
Renewable natural gas (RNG) is a type of biogas generated by decomposing organic material at landfill sites, anaerobic digesters and other waste facilities – and demand for it is quickly growing. bp is the largest RNG producer in the US, after acquiring Houston-based Archaea Energy in late 2022.
Archaea has started up
Part of bp’s plan to increase biogas supply volumes by Produces
6 6x ~11 million
mmbtus per year from our RNG plants and digesters
RNG plants in 2024, through August by 2030 compared to 2022 –with Archaea growing to greater than 50 million mmbtus of RNG per year.
projects in Archaea’s development pipeline
Archaea, independently and through its joint ventures, operates around 50 sites with a presence in 32 states – including Pennsylvania, California, Michigan, Oklahoma and Tennessee – that capture methane from waste to produce RNG, which is then taken to market.
With Archaea, bp is turning waste into renewable natural gas – at scale
With a pipeline of around 80 projects, Archaea operates around 50 sites across the US, including landfill-to-RNG plants, digesters and landfill-gas-to-electric facilities. bp’s biogas supply volumes increased by 50% following the acquisition of Archaea.
In April 2024, Archaea brought online its largest modular RNG plant to date in Kansas. In August 2024, Archaea and Republic Services started up the first RNG plant in their Lightning Renewables joint venture, located in Fort Wayne, Indiana – the first of around 40 landfill-gas-to-RNG projects targeted by the JV.
Using Archaea’s modular design – an industry first – these plants are built on skids with interchangeable components. This design allows for quicker builds for future RNG plants, and Archaea expects to start up 15 new plants in 2024 and between 15 to 20 plants in 2025.
& mobility Convenience
Convenience & mobility is a key pillar of bp’s strategy – and one of bp’s five transition growth engines. In the US, our retail sites span 46 states and the District of Columbia and serve more than 3 million customers daily.
Convenience & mobility
Our brands are part of Americans’ everyday lives. They span more than 8,000 retail sites, including bp-, ARCO/ampm-, Amoco-, Thorntons- and TravelCenters of America-branded sites in 46 states and the District of Columbia.
We serve more than 3 million customers every day. We’re committed to the safety and well-being of our customers and team members.
Amoco
Our high-quality fuel, trusted by Americans for over 100 years, also comes with the country’s longest-standing fuels guarantee.
ampm
The highway retail-and-rest brand of choice for western motorists expanded to the East Coast in 2022. We opened our first sites in New York City in 2023, and we’re planning more for 2024.
Castrol
A top choice for motorists and leading lubricant supplier to the wind industry, we’re partnering with pioneering businesses in automotive, space, marine and energy technology to move the world forward.
Thorntons
Thorntons’s 200 high-quality retail stores in the Midwest and the South deliver for guests through a team-based, highenergy culture, entrepreneurial spirit and commitment to core values.
TravelCenters of America
bp expanded our mobility and convenience network by completing the purchase of leading travel center operator TravelCenters of America in May 2023.
bp pulse
bp pulse, bp’s electric vehicle (EV) charging business, is working to simplify electrification by providing fast, reliable charging solutions for both consumers and commercial fleets across America.
3,000
30 states with active EV charging projects chargers in the US by 2025
charging points globally ~35,700
bp pulse’s EV charging network strategy in the US includes the buildout of a Gigahub network near airports and major metropolitan areas. bp pulse plans to deploy more than 3,000 fast and reliable charging points in the US by 2025.
In April 2024, the first bp pulse-branded Gigahub in the US opened at bp America’s headquarters in Houston. In July 2024, bp signed a deal to install and operate Gigahubs at 75 Simon Property Group locations, adding over 900 ultra-fast charging bays across the US.
Leveraging bp’s more than 8,000 retail sites in 46 states and the District of Columbia that serve over 3 million customers daily, bp pulse is also installing ultra-fast chargers at sites across bp’s family of brands to make EV charging convenient and accessible. In July 2024, bp pulse and TravelCenters of America (TA) broke ground on one of the nation’s first publicly accessible medium- and heavy-duty truck charging stations at TA’s Ontario, California travel center.
In October 2023, bp announced a deal in which bp pulse will acquire $100 million in ultra-fast charging hardware units from Tesla. This marks the first time Tesla’s ultra-fast chargers will be purchased for deployment on an independent EV charging network. The deal will enable EVs from other major vehicle manufacturers to use the Tesla chargers on the bp pulse network.
TravelCenters of America
TravelCenters of America (TA) joined bp’s family of brands in May 2023. Its approximately 19,000 team members serve guests in more than 300 locations across 44 states.
bp’s acquisition of TA could bring growth opportunities for four of bp’s five transition growth engines: EV charging, convenience, biofuels / renewable natural gas and, potentially, hydrogen.
TA’s strategically located network of highway sites complements bp’s existing predominantly off-highway convenience and mobility business in the US, enabling TA and bp to offer consumers a seamless nationwide service.
In February 2024, TA celebrated a milestone in its strategic network growth plan with the opening of its 300th travel center, in Kentucky. It plans to open 20 new locations in 2024.
Committed to safety
TA Truck Service Emergency Roadside Assistance is among the largest nationwide emergency roadside service networks, with a centralized call management and dispatch system that’s open around-the-clock, 365 days a year.
As the eyes and ears of America’s highways, TA team members are trained annually on identifying signs of human trafficking and are empowered to take action to help save lives. TA raised more than $50,000 in 2023 for Truckers Against Trafficking, and logged over 5,000 hours of employee training for human trafficking awareness.
Building tomorrow’s energy system:
bp’s
low carbon
businesses
While we’re investing in today’s energy system, we’re also building tomorrow’s. In hydrogen and renewables & power, we will remain disciplined and focused on value creation, establishing the capabilities and foundations for scalable and integrated businesses in the decades to come.
Our US onshore wind farms generate enough renewable electricity to power more than half a million homes a year, and we’re evaluating potential offshore wind opportunities.
We’re growing our US solar business. In November 2023, we announced plans to take full ownership of our joint venture Lightsource bp – one of the world’s leading developers and operators of utility scale solar and battery storage assets.*
We’re also focusing our hydrogen portfolio, evaluating opportunities for hydrogen pilot projects as well as carbon capture and storage and infrastructure.
*bp agreed to acquire the remaining 50.03% stake in our joint venture Lightsource bp. The deal is expected to be complete by the end of 2024, subject to regulatory approval.
Hydrogen and CCS
We’ve been in action at the state and federal level, actively supporting the passage of policy for hydrogen and carbon capture and storage (CCS).
We’re focusing our hydrogen portfolio, evaluating opportunities for hydrogen pilot projects as well as CCS and infrastructure.
Focus on industry
bp is putting plans in place today to bring low carbon hydrogen into service where it really counts: close to industrial clusters. When hydrogen is used as fuel, it emits no carbon dioxide. Decarbonizing its production would enable it to become a great energy choice for industries that are hard to abate, such as iron, steel and chemicals; and for heavy transport – trucks, ships and aircraft – which need fuels.
In action on hydrogen
In October 2023, bp and the Midwest Alliance for Clean Hydrogen – the MachH2 coalition – announced their selection by the US Department of Energy for regional clean hydrogen hub funding. bp is evaluating plans to develop blue hydrogen production at or near bp’s Whiting, Indiana refinery.
We also worked as part of a diverse coalition to support the passage and signing of Illinois’ new SAFE CCS Act, which provides the regulatory framework for enabling CCS projects in the state. CCS is key to unlocking other low carbon technologies like hydrogen, and this legislation supports our potential development and production of blue hydrogen enabled by CCS in the Midwest.
Our US wind energy business provides renewable power while deploying new technology to deliver that energy more efficiently.
1.7 GW gross onshore wind generating capacity
9 onshore wind assets across six states
Onshore wind
Onshore wind is a part of bp’s renewables & power business – one of our five transition growth engines.
We currently operate nine onshore wind assets across six states – Colorado, Idaho, Indiana, Kansas, Pennsylvania and South Dakota. We own interest in a tenth wind asset in Hawaii. Together, our US wind farms can generate enough renewable electricity to power more than half a million homes a year.
bp Wind Energy’s largest onshore footprint is in Indiana, where we operate the Fowler Ridge 1, 2 and 3 wind farms. Spanning over 42,000 acres, these farms have 355 wind turbines that can produce 588 MW per year – enough power to support about 191,000 Indiana homes.
Offshore wind
In April 2024, bp became the lead developer and 100% owner of the Beacon Wind project located in federal waters between Cape Cod, Massachusetts, and Long Island, New York, and the Astoria Gateway for Renewable Energy site.
Spotlight: Indiana
In November 2023, bp completed a major technology upgrade at its Fowler Ridge 1 wind farm that will enable the site to produce more power, more efficiently and with greater reliability. The $100 million capital investment upgraded 40 turbines.
The new Vestas turbines are expected to produce up to 40% more energy. The new technology generates power more efficiently at lower wind speeds, creating more electricity from available wind resources.
Solar plays an important role in bp’s renewables & power transition growth engine, and we’re advancing solar energy projects across the US.
Lightsource bp operates
22
US solar projects in AL, AR, CA, CO, IN, KS, LA, NM, PA, TX
550,000 new projects are under construction in AR, IN, LA, TX 7
Capable of generating enough renewable electricity to power more than homes each year
bp’s Arche Solar project in Ohio began commercial operation in the first quarter of 2024. Peacock Solar in Texas started construction in 2023 and is expected to come online in the fourth quarter of 2024. Both projects are clear examples of how bp can provide lower carbon energy to industrial customers.
Integrated energy in action
We’re able to combine our world-class solar project development experience with our trading and customer expertise to deliver renewable power to our customers.
Spotlight: Lightsource bp
In November 2023, we agreed to acquire the remaining 50.03% stake in our solar joint venture Lightsource bp.
Since first joining forces in 2017, Lightsource bp has become one of the world’s leading developers and operators of utility-scale solar and battery storage assets. Full ownership will give us access to world-class onshore renewable development capability.
It’s a win-win: We plan to leverage Lightsource bp to ensure access to the most competitive renewable power for our transition growth engines – in hydrogen, EV charging and biofuels, as well as in power trading.
In addition, we intend to further scale up Lightsource bp and create additional value by applying our complementary capabilities and strengths – including in financing and trading – to the business.
The deal is expected to be complete by the end of 2024, subject to regulatory approval.
Trading & shipping
bp trading & shipping works to transform and connect the global energy market, offering our customers an integrated and innovative approach to energy. We work across value chains, drawing together bp’s capabilities to optimize energy systems.
Trading & shipping
Based primarily in Houston and Chicago, bp’s trading & shipping (T&S) business in North America works with our partners to buy, sell and move energy, integrating our products and services to provide energy solutions for more than 5,000 North American customers annually.
5,000+ 81 TWh+ cubic feet of natural gas bought and sold daily 14.9b
North American customers* of power marketed in the US annually**
* Includes new customers as a result of the 2022 acquisition of EDF energy services.
** Natural gas and power figures as reported by Platts in 2023 for 2022 calendar year. Power figure excludes ERCOT.
bp trading & shipping has been one of the largest marketers of natural gas in North America for 20 years and its vast natural gas portfolio plays a key role in bp’s work to advance the energy transition.
bp’s shipping fleet features some of the most advanced tanker designs in the industry. bp vessels have some of the latest, most fuel-efficient hull forms, engines, cargo management technology and operational systems.
An integrated power provider
bp purchased EDF Energy Services in 2022, expanding our presence in the US commercial and industrial retail power and gas business. In 2023, we successfully integrated EDF, and bp Energy Retail Company is now the third-largest electricity provider in the country for commercial and industrial retail customers.
We also acquired Blueprint Power in 2021, a US-based technology company which helps turn buildings into a flexible power network by connecting them to energy markets through cloud-based software. Blueprint’s technology is an opportunity to help decarbonize commercial real estate and help owners meet their environmental goals while accessing new revenue streams.
Certified natural gas
In March 2023, MiQ, the non-profit global leader in methane certification, announced it had independently audited and certified bp as the first non-financial commercial entity in the US to verify the methane intensity of its entire US onshore portfolio of natural gas.
by state bp’s significant presence
California
Our retail stations in California serve more than 640,000 customers every day. bp is the largest supplier of renewable natural gas (RNG) to the California transportation sector. bp ventures has invested around $250 million in California-based companies in the last 10 years.
bp’s presence in California ranges from traditional convenience and mobility outlets to a variety of low carbon products including solar, EV charging and biofuels.
bp is the largest producer of RNG in the US
Through our joint ventures, bp owns operating facilities in California and several other states that capture methane from waste to produce RNG for the US transportation sector. Since acquiring Houston-based Archaea Energy in 2022, bp is the largest RNG producer in the US.
Produced entirely from organic waste, RNG can reduce emissions by around 70% compared with gasoline or diesel. Since 2017, bp and Clean Energy signed a 10-year margin sharing agreement whereby bp will provide RNG to Clean Energy’s California fueling network — the largest RNG dispensing network in the state.
Solar in the Golden State
Lightsource bp has its US headquarters in San Francisco and operates the Wildflower Solar project in Sacramento County. The project generates enough clean, affordable energy to cover the equivalent annual electricity needs of more than 2,600 homes in northern California.
Supporting low carbon business
In San Diego, our Biosciences Center studies how bioscience can add value and make bp’s businesses more sustainable. Created in 2015, the scientists and engineers on staff focus their research on different aspects of bp operations, including production of renewable energy, oil and natural gas, and development of innovative, efficient fuels and lubricants.
In numbers: spent with vendors
1,400+ bp employees
total jobs supported 2,800+
community spend (2019-2023) $520,000+ $13 million+ $620 million+
property, state royalties, environmental and state/local income/franchise and license taxes paid
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023.
Colorado
Along with its bpx energy headquarters in Denver, bp supports more than 1,900 jobs in Colorado.
Headquartered in Denver, bpx energy – bp’s US onshore oil and gas business –manages one of America’s largest natural gas producers along with world-class assets that span Texas and Louisiana. In 2023, bpx grew production by 13% year-on-year.
Lightsource bp, together with Xcel Energy and EVRAZ North America, celebrated the launch of its new 300-megawatt Bighorn Solar project in 2021. The solar project will help reduce emissions, abating 433,770 metric tons of carbon dioxide per year, the equivalent of taking 92,100 fuel-burning cars off the road – and support more than 1,000 jobs at EVRAZ’s Pueblo steel mill.
It is the largest on-site solar facility in the US dedicated to a single customer, with more than 750,000 solar panels providing nearly all the plant’s annual electricity demand.
In October 2021, Lightsource bp and Xcel Energy announced a power purchase agreement for the development of Sun Mountain Solar, a 293-megawatt solar project also in Pueblo. The project entered commercial operation in December 2022.
Elsewhere in Colorado, bp Wind Energy is the operating partner of the Cedar Creek 2 wind farm in Weld County. The 30,000-acre site has 122 turbines with a total capacity to generate about 248 megawatts (MW) of wind power.
spent with vendors total jobs supported bp employees
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023. In numbers: community spend (2019-2023) $1.5 million+
Illinois
bp supports more than 7,300 jobs across Illinois.
bp’s downtown Chicago offices serve as a major hub for its trading and shipping business, one of the world’s leading energy trading houses, and bp’s largest team in the state of Illinois. bp’s marketers and traders work with counterparties to buy, sell and move energy, integrating our products and services to provide energy solutions for more than 5,000 North American customers annually. These include retail energy providers, power generators, producers, municipalities, private equity firms, renewable energy developers and natural gas consumers.
Our EV charging business, bp pulse, established its US headquarters in Chicago in 2023. We plan to deploy more than 3,000 fast and reliable charging points in the US by 2025.
Chicago is also home to the US headquarters of Air bp, one of the world’s leading suppliers of aviation fuel products and services, serving customers from commercial carriers and private aircraft to the US military.
In November 2023, Air bp helped make history by supplying sustainable aviation fuel (SAF) for the world’s first 100% SAF-powered transatlantic flight on a commercial airline.
Whiting refinery
About 17 miles southeast of downtown Chicago, in northwest Indiana, bp’s Whiting refinery is the largest in the Midwest and bp’s largest in the world. The facility and its team make enormous contributions to the region’s transportation network.
*Vendor spend as of 2023. Tax paid figures for the year ended December 31, 2023.
Indiana
Indiana is home to a wide variety of bp’s businesses, including the Whiting refinery, biogas, wind and solar projects. bp’s Whiting refinery is able to process around 440,000 barrels of crude oil every day.
Whiting refinery
Our Whiting refinery is the largest in the Midwest and bp’s largest anywhere in the world. Every day, the refinery produces around 10 million gallons of gasoline, 4 million gallons of diesel and 2 million gallons of jet fuel, as well as 7% of all asphalt in the United States.
Turning trash into renewable natural gas (RNG)
In October 2023, bp-owned Archaea Energy brought online a first-of-its-kind Archaea Modular Design RNG plant in Medora. The plant converts landfill gas into RNG, which can reduce emissions, improve air quality1 and provide fuel for potential use in homes, businesses and transportation, according to the EPA. The Medora deployment is an industry first – and it streamlines and speeds build times for future RNG plants.
The Medora plant can process up to 3,200 cubic feet of landfill gas per minute (scfm) into RNG – enough to heat more than 13,000 homes annually, according to the EPA’s Landfill Gas Energy Benefits Calculator.
In August 2024, Archaea and Republic Services started up the first RNG plant in their Lightning Renewables joint venture. The Fort Wayne plant has potential to process
up to 6,400 scfm into RNG – enough energy to heat more than 25,000 homes. It’s the first of around 40 landfill gasto-RNG projects targeted by the JV.
Wind
bp operates three wind farms at Fowler Ridge in northwest Indiana, which collectively have 355 turbines generating enough power to support about 191,000 Indiana homes.
Solar
Lightsource bp’s Bellflower Solar project, located about 40 miles east of Indianapolis in Spiceland Township, has an output power capacity of 173 megawatts – enough clean energy to power the equivalent of 26,800 local homes per year.
Located about 10 miles west of South Bend, the Honeysuckle Solar project under construction is creating approximately 200 direct construction jobs in addition to hundreds of US jobs across the supply chain. More than 75% of the direct construction force is local labor.
1At https://www.epa.gov/lmop/renewable-natural-gas#benefits the EPA states that benefits to RNG include fuel diversity, economic, local air quality and greenhouse gas reduction benefits.
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023.
Kansas
bp’s presence in Kansas in wind, solar and biogas reflects the company’s investments in low carbon energies of the future.
Spotlight: Safety at Flat Ridge 2
Constructed in 2012, Flat Ridge 2 is one of the largest and most technically complex wind farms in the US. In 2024, the site reached a major safety milestone: three years of operation without a recordable injury. For reference, these three years included more than 3,700 turbine tower climbs by technicians, 90 major component changeouts and 190,000 miles driven on the 60,000+ acre site.
Wind
bp Wind Energy owns and operates the Flat Ridge 1 and Flat Ridge 2 wind farms, both located west of Wichita. Spanning over 70,000 acres in Barber, Harper, Kingman and Sumner counties, these two farms have 314 turbines with the capacity to generate 514 megawatts (MW) of electricity, or enough to power about 167,000 average homes.
Our Remote Operations Center centrally monitors all bp-operated wind farms 24 hours a day, seven days a week with colleagues in the field to enhance performance, reliability and safety.
Renewable energy for not-for-profit electric utility
Sunflower Electric – a not-for-profit utility – and bp’s 50:50 joint venture Lightsource bp have a 25-year contract for clean, renewable electricity to provide affordable, local energy for electric cooperative members across Kansas.
The agreement is for 27.5MW of large-scale offsite solar from the Johnson Corner solar project, the largest solar farm in Kansas. Johnson Corner consists of 75,000 solar panels installed across 144 acres of land in Stanton County, two miles from Johnson City. The site provides enough green electricity to power 5,165 homes across central and western Kansas every year.
Archaea Energy
In April 2024, Archaea officially started up its largest modular renewable natural gas (RNG) plant to date in Shawnee, just outside of Kansas City. The Shawnee plant can process 9,600 standard cubic feet of landfill gas per minute (scfm) into RNG –enough gas to heat around 38,000 homes annually, according to the EPA’s Landfill Gas Energy Benefits Calculator.
Kentucky
Kentucky-based Thorntons is a major addition to bp’s growing global convenience and mobility business. After bp took full ownership of the business in 2021, Thorntons has fully integrated into our US convenience business. Convenience is one of our transition growth engines, and along with EV charging, we expect it to generate $1.5 billion globally by 2025.
Louisville-based Thorntons added 200 high-quality retail stores in the Midwest and the South to bp’s network, as well as Thorntons’ 3,400+ employees working across six states.
Globally, bp’s convenience and mobility team has a target of more than 15 million customer touchpoints per day by 2025.
Biogas in the Bluegrass State
In December 2022, bp acquired Archaea Energy, making bp the largest producer of renewable natural gas (RNG) in the US. In April 2024, Archaea celebrated a ribbon-cutting for its RNG plant next to the Montgomery County Landfill owned by Rumpke Waste and Recycling. The landfill can process 3,200 cubic feet of landfill gas per minute (scfm) into RNG – enough gas to heat around 13,000 homes annually, according to the EPA’s Landfill Gas Energy Benefits Calculator.
Archaea’s landfill gas to RNG project at the Boyd County Sanitary Landfill in Ashland, Kentucky, is a testament to Archaea Energy’s gas processing capabilities. Archaea’s experienced technical and operational team enabled this project to become operational in just four months after acquiring the project from another developer, which was unable to produce pipeline-quality RNG.
In numbers: spent with vendors *Vendor spend as of 2023. bp employees total jobs supported 2,900+ 1,300+ $65 million+
Louisiana
Louisiana serves as a major hub for coordinating and transporting personnel and supplies to bp’s offshore platforms and drilling rigs in the Gulf of Mexico, and bpx energy’s onshore oil and gas business in the Haynesville basin.
Natural gas production
Our Haynesville resource, where we hold more than a half million acres and have one of the deepest inventory bases in the basin, is ideally located to meet liquefied natural gas (LNG) demand from countries looking to diversify their energy supplies. Haynesville was also bp’s first site to receive MiQ Grade A certification, independently verifying our natural gas production is among the lowest in the industry. In March 2023, MiQ announced that bp became the first energy major in America to verify the methane intensity of its entire US onshore portfolio of natural gas.
Supporting safe operations
Across Louisiana, bp employs more than 830 people and supports more than 10,000 jobs. Offshore teams also receive 24/7 support – including constant communication and real-time data analysis – from bp’s Houston-based Remote Collaboration Center, a global monitoring center for offshore drilling rigs.
In the city of Houma, bp maintains the Gulf of Mexico Aviation Logistics heliport. Every day, helicopters move bp employees and contractors to and from their jobs. We also have a major lubricants facility in Port Allen, which serves as a regional manufacturing and distribution center.
Low carbon energy
Lightsource bp’s 345-megawatt Oxbow Solar project in Pointe Coupee Parish, which came fully online in July 2024, is the largest solar project in Louisiana. It is expected to provide a more than $30 million dollar boost to Pointe Coupee Parish government agencies in revenue over the next 35 years.
Manufacturing critical products
In Port Allen, bp’s major lubricants facility serves as a regional manufacturing and distribution center for bp Lubricants USA. Workers at the facility blend, package and distribute Castrol motor oil and car care products for sale in the US and export to markets in the Caribbean, South America, Canada and Mexico.
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023.
jobs supported 10,000+
community spend (2019-2023)
New Jersey
Castrol, bp’s world-class lubricants brand, is headquartered in the northern New Jersey township of Wayne. The Garden State is also home to more than 230 bp-branded retail stations.
bp has expanded the Wayne facility to keep up with the growth of the business. Today, it represents the largest concentration of bp workers, about 180, anywhere in the eastern United States. Across New Jersey, bp employees and contractors provide research, testing, marketing and retail services for Castrol products.
In September 2023, Castrol opened the Castrol Americas Technology Center in Wayne, a 12,000 square foot, state-of-the-art laboratory used to develop and test engine and driveline oils, industrial lubricants and fluids for electric vehicles. The upgraded lab space – a $7.5M investment by bp – means that Castrol will have its automotive and industrial lubricant technology teams supporting the US, Canada and Latin America all under one roof for the first time.
In May 2018, NASA turned to Castrol’s Braycote line to keep its Mars InSight lander, which studied the deep interior of the Red Planet, running smoothly.
Innovating for America
While it’s rare for products used in motorsport to be commercialized in their entirety, that’s precisely what happened with the Castrol ON EV Thermal fluid, a product now marketed for direct cooling of EV battery cells that helps to reduce the maximum temperature reached during ultra-fast charging. Originally developed for BWT Alpine F1® Team’s cars, Castrol saw how the product could be commercialized for use in some road-going EVs.
In numbers:
with vendors bp employees property, state/local income/franchise, environmental taxes paid total jobs supported
*Vendor spend as of 2023. Tax paid figures for the year ended December 31, 2023.
Ohio
Ohio is home to more than 500 bp retail locations and the headquarters of TravelCenters of America, which bp purchased in 2023, as well as solar and biogas projects.
TravelCenters of America (TA)
Headquartered in Westlake, Ohio, TA manages more than 300 travel centers across 44 states and employs nearly 19,000 people – including more than 1,700 in Ohio. The state is home to 14 TA sites, a 30,000 square-foot tire retread production facility, 20,000 square-foot warehouse and a training center for nearly 1,000 technicians. TA also runs an internship program with local universities and trains its employees in human trafficking awareness, supporting Truckers Against Trafficking.
Expanding renewables
bp’s Arche Solar project, located in Fulton County, Ohio, began delivering power to its customer in the first quarter of 2024. bp secured a power purchase agreement with Meta for the 134 megawatt solar farm, which has potential to generate enough low carbon energy annually to power the equivalent of more than 20,000 US homes. Arche Solar is expected to provide more than $30 million in revenue to benefit local public services over the life of the project.
bp acquired Archaea Energy in December 2022, enhancing its renewable energy portfolio. Archaea’s landfill gas-to-renewable natural gas project in Franklin County, Ohio, processes methane gas to heat nearly 24,500 homes, showcasing the importance we place on sustainable energy solutions. The emissions expected to be avoided are around 82,000 metric tons of carbon dioxide, and about 33,000 metric tons of methane, according to the EPA’s Landfill Gas Energy Benefits Calculator.
million+ property, state/local income/franchise and business taxes paid 4,800+ $1.7 billion+
*Vendor spend as of 2023. Tax paid figures for the year ended December 31, 2023. total jobs supported 2,400+
Pennsylvania
From wind to solar, from biogas to retail, bp’s footprint in the Keystone State provides energy for hundreds of communities across the commonwealth.
Archaea Energy’s Assai plant is the largest RNG plant in the world, which exceeded its 2023 RNG production goal of 4 million MMBtus. We are in the planning stages to drill a carbon capture and sequestration appraisal well near Assai, to determine if carbon dioxide sequestration could be feasible at this site. The facilities that support the plant in Pennsylvania employ 23 full-time employees.
Elsewhere in Pennsylvania, our Mehoopany wind farm is a 9,000 acre site in Wyoming County, which features 88 wind turbines with the capacity to generate 141MW of power – enough to provide electricity to more than 45,000 homes annually.
In numbers: spent with vendors
*Vendor spend as of 2023. Tax paid figures for the year ended December 31, 2023. 840+ property, state/local income/franchise taxes paid $3 million+ total jobs supported 1,600+ $470 million+
bp employees
Texas
Houston is home to bp’s US headquarters and nearly 4,000 employees, our largest employee base in the world.
bp’s extensive operations in the Lone Star State include onshore oil and gas production; energy marketing and trading; renewable power generation; fuel retailing through TravelCenters of America; and research and technology development.
Operating in Texas’s Permian, Haynesville, and Eagle Ford Basins, our onshore US oil and gas business bpx energy plans to continue increasing production by 30-40% by 2025.
Based in Houston, our Gulf of Mexico business operates five production platforms: Atlantis, Na Kika, Thunder Horse, Mad Dog and Argos. We’re building capacity to produce above 400,000 barrels of oil equivalent per day (boe/d), and we expect volumes to average around 350,000 boe/d through the second half of the decade.
bp’s marketing and trading business, which has a major hub in Houston, buys and sells 14.9 billion cubic feet of natural gas each day – making it one of the largest marketers of natural gas in North America.
bp’s wind energy business is also based in Houston, where the Remote Operations Center centrally monitors all nine bp-operated wind farms – 24 hours a day, seven days a week. bp’s Archaea Energy – the largest renewable natural gas producer in the US – is headquartered in Houston. Archaea, independently and through its joint ventures, operates around 50 sites with a presence in 32 states.
In April 2024, the first bp pulse-branded Gigahub in the US opened at our bp America headquarters in Houston, offering 24 high-speed electric vehicle (EV) charging bays. bp pulse was also selected to design and deploy EV charging operations for Harris County’s EV fleet.
In September 2023, construction began on bp’s 187 megawatt dc Peacock Solar project north of Corpus Christi in San Patricio County. Expected to come online in the fourth quarter of 2024, Peacock has already generated over 300 jobs during peak construction and is projected to provide more than $25 million in tax revenue over the first 25 years of the project’s life.
In numbers: spent with vendors bp employees total jobs supported
community spend (2019-2023) $21 million+ $980 million+ property, production, state/local income/franchise, environmental taxes and royalties paid 35,000+ $1.8 billion+
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023.
Washington
Over the past decade, bp has invested more than $1.5 billion in capital improvements at Cherry Point.
Located near Bellingham, Washington, bp’s Cherry Point is the largest refinery in the Pacific Northwest. Cherry Point can process approximately 250,000 barrels of crude oil per day on average and is the largest supplier of jet fuel to the Seattle, Portland and Vancouver (BC) international airports. It was also the first Northwest refinery capable of co-processing renewable diesel made from biomass-based feedstocks.
bp recently completed three projects at Cherry Point that will help lower its carbon footprint. The Hydrocracker Improvement Project and the Cooling Water Infrastructure Project are reducing the refinery’s operational carbon dioxide emissions by 4%. As well, the Renewable Diesel Optimization project doubled its capability to produce renewable energy and is helping to cut the carbon intensity of the fuels it produces.
bp owns more than 3,200 acres of rural land at Cherry Point that is managed for a variety of uses, including ecological restoration, habitat preservation and enhancements.
In numbers: spent with vendors $270 million+
bp employees total jobs supported
*Vendor spend as of 2023. Community spend includes bp foundation. Tax paid figures for the year ended December 31, 2023. 1,200+ community spend (2019-2023) $3.2 million+ property, environmental and business taxes paid $140 million+ 37,000+
Alabama
Lightsource bp’s 130-megawatt Black Bear Solar project, one of the largest in Alabama, provides enough electricity to power 20,000 homes. More than 400 people worked to construct the facility, the majority local workers. bp Energy Company also has a marketing office in Mobile.
Hawaii
Situated on a 5,400-acre site on the island of Maui, the Auwahi wind farm uses eight wind turbines to generate 21 megawatts of electricity. Its output can power the equivalent of about 6,800 homes each year. bp Wind Energy is a non-operating partner in Auwahi.
Arkansas
In October 2023, Lightsource bp celebrated the completion of Conway Solar at Happy in White County. Fully developed, financed and operated by Lightsource bp, the $154 million private capital investment in new energy infrastructure for Arkansas is projected to power clean electricity for 21,000 homes. Lightsource bp’s Energy Arkansas Driver Solar, a new 312-megawatt renewable energy facility near Osceola, will be the largest solar facility in Arkansas, capable of generating enough energy to power more than 40,000 homes. The project is expected to provide between 350-400 jobs during the construction phase, with completion in late 2024.
Idaho
bp Wind Energy is the operating partner in Goshen North wind farm. Situated on about 11,000 acres in Bonneville County, just east of Idaho Falls, Goshen’s 83 wind turbines can generate up to 124.5 megawatts of electricity – enough to power about 40,000 homes annually. bp Energy Company also has a natural gas marketing office in Boise.
Michigan
In addition to the River Rouge pipeline, TravelCenters of America sites, and more than 500 bp sites in Michigan, bp’s Archaea Energy has brought online a renewable natural gas plant in Canton. Michigan and bp also worked together as part of the Midwest Alliance for Clean Hydrogen – the MachH2 coalition – which was selected by the US Department of Energy for hydrogen hub funding in fall 2023.
Massachusetts
In April 2024, bp became the lead developer and 100% owner of the Beacon Wind project located in federal waters between Cape Cod, Massachusetts, and Long Island, New York, and the Astoria Gateway for Renewable Energy site. We are evaluating the projects’ initial design plans to continue advancing the developments and deliver the highest value to local communities and bp.
New Mexico
Lightsource bp’s Grants Solar and Bluewater Solar together generate nine MW of renewable energy for New Mexico’s Continental Divide Electric Co-op. Grants and Bluewater can power 1,700 homes per year.
New York
Blueprint Power, a bp company that started in New York, provides its hardware, software and energy expertise so companies can more proactively manage their electricity demand, sources, costs and emissions in response to grid conditions and market prices.
Oklahoma
bp’s Archaea Energy operates two renewable natural gas plants in Oklahoma City with plans to bring online two more in the coming years.
South Dakota
Situated on 7,500 acres in Hand County, Titan 1 wind farm is wholly owned and operated by bp Wind Energy. The farm has 10 turbines with the capacity to generate 25 MW of wind energy – which would be enough to power about 8,100 homes annually.
Tennessee
bp has an equity position in two renewable natural gas plants – CERF Shelby LLC and South Shelby –generating value from both its equity position and offtake of facility production. Archaea Energy has three sites in Tennessee. bp’s retail presence includes almost 250 bp, TravelCenters of America and Thorntons locations.
Virginia
bp has 10 Archaea Energy locations in Virginia as well as six TravelCenters of America locations and nearly 300 bp retail locations.
bp in the
community
Social impact and diversity, equity and inclusion
We’re driven by a responsibility to foster a fair workplace. Not just because it’s better for our business, but because it’s the right thing to do.
In the US, we are guided by our Framework for Action and its three principles:
Transparency Accountability Talent
US ethnicity
US ethnic minorities make up approximately 30% of our overall workforce in the US.
US minority ambition
In 2017, we set a US minority ambition out to 2025 and achieved those ambitions ahead of schedule:
• 20% of our group and senior leader roles held by minorities (achieved in 2019).
• 30% of our first level leader and professional staff roles held by minorities (achieved in 2020).
By the end of 2023, our group and senior leader minority representation was 27%, and minority representation for professional level employee roles was 33%.
In April 2022, we announced an even bolder ambition:
• By 2025, we aim for minorities to hold 30% of top-level leadership roles and 35% of roles at all other levels.
• By 2030, at the latest, we aim to have minorities filling at least 34% of all executive leadership positions and 30% of roles at all other levels.
We will continue to track and report our progress toward ambitions in this report and in our DE&I Annual Report.
Supplier diversity
bp is committed to positive partnering and supplier diversity.
Clear ambition
As a part of the US Diversity, Equity and Inclusion Framework for Action, a clear ambition was set to increase supplier diversity across the company. This links directly to bp’s wider ambition on responsible business and improving people’s lives in the communities where we work. Supplier diversity helps us build a stronger, better, more competitive company, aligning with America’s changing demographics.
Since 2018, we have partnered with more than 1,400 diverse and small businesses in the US, including minority, woman, LGBTQ+ and veteran-owned enterprises, while building a network of certified diverse suppliers. In 2022, we expanded our pool of available certified diverse suppliers to more than 10,000. And we surpassed our 2020 Framework for Action commitment to double our spend with certified diverse suppliers in the US by the end of 2023.
Community spend
We spent more than $11 billion with local businesses in 2023.
Our commitment to America goes well beyond providing the energy and jobs that fuel economic prosperity. We also support a wide range of institutions and initiatives that strengthen the communities where our employees live and work. As part of this support, bp and the bp foundation together have donated more than $80 million to community programs over the last five years.
bp foundation
The bp foundation is a charitable organization –separate from but entirely funded by bp – that supports philanthropic activities around the world. Since 1953, the
bp foundation has provided hundreds of millions of dollars in global philanthropic support.
The bp Foundation supports bp’s people and communities through an employee matching fund and through charitable contributions focused on caring for people in the regions where bp operates. In 2023, our US employees made significant personal contributions to charitable organizations worldwide, along with 31,000 volunteer hours, and the foundation delivered matching gifts of more than $1.2 million.
Cautionary Statement
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement.
This document contains certain forecasts, projections and forward-looking statements – that is, statements related to future, not past events and circumstances – with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘targets’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. In particular, the following, among other statements, are all forward-looking in nature: plans and expectations relating to bp’s strategy, including bp’s transformation to an integrated energy company; plans and expectations regarding bp’s ambition to be a net zero company by 2050 or sooner and help the world get to net zero; plans and expectations regarding bp’s financial frame including plans and expectations for bp’s annual capital expenditure at a group level and in respect of bp’s reporting segments, strategic focus areas, regions and transition growth businesses including the allocation of capital expenditure amongst those respective segments, focus areas, regions and businesses; plans and expectations in relation to bpx energy; plans and expectations regarding the start-up of and production from major projects; plans and expectations for capital expenditure, production and emissions in relation to operations and projects in the Gulf of Mexico; plans and expectations relating to bp’s investment in Cherry Point; plans and expectations in relation to bp’s acquisition of Archaea Energy including for increased supply volumes and a five-fold growth in RNG production by 2030; plans and expectations for low carbon energy projects currently in development including in relation to their production or generation capacity and associated employment opportunities and economic output benefits; plans and expectations regarding bp’s financial, strategic, operational and sustainability targets, aims and other objectives for 2025 and 2030 whether at a group level, in relation to the United States of America or in respect of any of bp’s businesses and strategic focus areas.
By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes, may differ materially from those expressed in such statements, depending on a variety of factors, including the risk factors discussed under “Risk factors” in bp’s Annual Report and Form 20-F 2023 as filed with the US Securities and Exchange Commission and in any of our more recent public reports.
This document contains references to non-proved resources and production outlooks based on non-proved resources that the SEC’s rules prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosures in our Form 20-F, SEC File No. 1-06262.
