Economic Value
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Some say our society is too dependent on oil. But when its performance and value are compared to most of the alternatives, it quickly becomes apparent that no other energy source is as versatile, portable or efficient as oil. Few industries contribute as much to the economy as does the oil and natural gas industry which:

  • Makes it possible for people to enjoy the freedom of mobility – the opportunity to travel where they want, when they want, and at a competitive price
     
  • Provides its shareholders, many of which are pension funds, with a return on investment that helps workers and retirees improve their financial security
     
  • Invests in future energy projects including solar, wind, hydrogen, biomass and other alternatives
     
  • Employs 1.9 million people directly
     
  • Provides jobs indirectly to 4.0 million more people
     
  • Supports social programs at the local, state and federal levels through the billions of dollars that it provides in tax
     
  • Develops innovative technologies to advance understanding of science and engineering to help improve the environment
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