Market Overview

BP Foundation to Donate $500,000 to American Red Cross

The BP Foundation announced today that it will donate $500,000 to the American Red Cross in support of Hurricane Sandy relief efforts.

The $500,000 donation is in addition to donations made by the BP Foundation Employee Matching Program and will assist Red Cross efforts to provide meals, shelter, clothing, water and medical care.

The Red Cross has opened more than 100 shelters in nine states including New Jersey. Officials expect to serve 250,000 to 500,000 meals per day in New York City.

About BP in the U.S.
BP has invested more in the United States over the last five years than any other oil and gas company. With more than $52 billion in capital spending between 2007 and 2011, BP invests more in the U.S. than in any other country. The company is the second largest producer of oil and gas in the U.S., a major oil refiner and a leader in alternative energy sources including wind power and biofuels

BP provides enough energy each year to light the entire country. With 23,000 U.S. employees, BP supports nearly a quarter of a million domestic jobs through its business activities. For more information, visit www.bp.com.

About the BP Foundation
Since 2006, the BP Foundation has invested more than $180 million in U.S. initiatives. The BP Foundation is a separate legal entity from BP and accounts independently for its operations, assets, liabilities and expenses.

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