Economic Report 2020

ECONOMIC REPORT 2020

The industry’s macro-economic contribution

Energy sector’s gross value-add contribution in 2019 was 2.5%

The sector provides quality and well-paid jobs to highly skilled members of industry

Oil and gas E&P activity made up 29% of this

The industry’s macro economic contribution

Supply chain provides services worth around £28bn worldwide, 60% of which is related to UK activities

£33bn in net production taxes over the last decade

Estimated £5.5bn in net production taxes expected 2019–26

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