Does the US own any part of BP oil?

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1127078

2026-07-09 10:51

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Not really. The US is the owner of all offshore mineral rights, but through lease sales of offshore blocks, the US leases out the rights to explore and produce oil in particular blocks over a defined time periods. BP is entitled through the leasing contracts to sell all the oil it produces. The US does make money through royalty payments on oil that BP sells.

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