Serving Coastal & Southern California

Los Angeles  |  Ventura  |  Santa Barbara  |  San Luis Obispo  |  Monterey

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Mail
© COPYRIGHT 2019. ALL RIGHTS RESERVED.

Our Energy Economy

Economic Impacts of Oil and Gas in California

Oil & Gas Economy in Southern California

  • The industry’s contribution to California alone is larger than 17 other state economies

  • The industry generates 468,000 total jobs (direct, indirect and induced)

  • The industry contributes $21.6 billion in state and local tax revenues

  • The industry’s total value add to California’s economy is $113 billion, or 5.4% of the state’s GDP

  • 212,000 jobs and about 6 percent of the entire region’s economic output

  • $10.5 billion in state and local taxes to the region​​

  • In Los Angeles County alone, the industry generates 104,000 jobs and returns nearly $5.2 billion to the County in state and local tax revenue