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.
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:
Recent related reports
Uncertainty is the biggest threat to Australia’s growth this year
We have downgraded our forecasts for Australia due to the major disruptions to the global economy caused by changes to US trade policy.
Find Out More
Japan’s tariff turbulence to flatten near-term growth
We've cut our GDP growth forecasts for Japan by 0.2ppts to 0.8% in 2025 and by 0.4ppts to 0.2% in 2026, reflecting higher US tariffs and heightened global trade policy uncertainty. We now forecast that Japan's economy will barely grow over 2025-2026 on a sequential basis.
Find Out More
All US metros worse off from recent tariff announcements
President Trump's recent tariff announcements, and the global response, have meant a fast-changing policy landscape with significant effects on our global, national, and subnational outlook.
Find Out More
Forecasting the Growth of Millennial Wealth in the U.S.
Consulting Report bp’s economic impact on the UK economy in 2022 You might be interested in
Find Out More