The economic impact of bp in the UK
This report, produced in collaboration with bp, demonstrates the impact that bp had on the UK national and regional economies in 2024
We quantify the contribution made through its own operations, as well as the economic activity it supported through its operational and capital spending. These impacts are presented in terms of the gross value added contribution to GDP, the employment, and the tax revenue that bp supported across the country
Oxford Economics’ analysis shows that bp made a significant contribution to the UK economy. We estimate that in 2024, bp supported £11.6 billion in gross value added contribution to UK GDP, which was equivalent to 0.41% of national GDP, or £1 in every £250 of UK GDP in that year. Through its activities and spending, bp also sustained a total of 75,000 jobs in the UK, making up 0.22% of national employment, and stimulated £4.4 billion in tax payments to the UK government.
The experts behind the research
Get in touch
Learn more about this report or how our team could support you: