Overview
What is National Petroleum Council?
The National Petroleum Council (NPC) is a nonprofit organization headquartered in Washington, D.C., specifically at 1625 K Street NW 600. Its primary role is to provide expert advice and recommendations to the Secretary of Energy on various oil and gas-related matters. In 2022, the NPC focused on three major studies in response to requests from the Secretary of Energy. These studies aimed to address short-term energy challenges and facilitate a manageable energy transition, as well as explore the deployment of hydrogen energy and reduce greenhouse gas emissions across the U.S. natural gas value chain. The NPC organized study teams, conducted research, and developed reports for these topics, with some studies continuing into 2023 and 2024. The organization's mission is to offer valuable insights and recommendations to the Secretary of Energy in relation to the oil and gas industries.
Official website here: www.npc.org
Is National Petroleum Council legitimate?
National Petroleum Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Petroleum Council submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,515,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,479,532
For more financial information, click here
Official website here: www.npc.org
What is the mission statement of National Petroleum Council?
The National Petroleum Council's mission is to provide advisory services, share information, and make recommendations to the Secretary of Energy regarding matters related to oil and gas or the oil and gas industries. In 2022, their primary activities involved conducting three studies in response to requests from the Secretary of Energy, focusing on short-term energy challenges, a manageable energy transition, and hydrogen energy deployment. The council organized study teams, held meetings, conducted analyses, and developed reports to address these topics. They also undertook a study on greenhouse gas emissions reduction across the U.S. natural gas value chain, with completion and report approval scheduled for the second quarter of 2024.
Official website here: www.npc.org
Who is the CEO of National Petroleum Council?
Marshall Nichols is the Chair of National Petroleum Council.
Official website here: www.npc.org
What is the revenue of National Petroleum Council?
National Petroleum Council's revenue in 2022 was $4,977,923.
Official website here: www.npc.org
Who are the executives of National Petroleum Council and what are their salaries?
The average compensation at National Petroleum Council during 2022 was $249,587. There are 12 employees and 204 volunteers at National Petroleum Council.
Here are 10 key members and their salaries:
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- Compensation: $725,024
- Related: $0
- Other: $200,149
- Compensation: $454,617
- Related: $0
- Other: $135,721
- Compensation: $271,064
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- Other: $76,646
- Compensation: $159,970
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- Other: $54,810
- Compensation: $150,510
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- Other: $51,250
- Compensation: $123,348
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- Other: $42,437
- Compensation: $122,434
- Related: $0
- Other: $58,158
Official website here: www.npc.org
Where can I find the form 990 for National Petroleum Council?
National Petroleum Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.npc.org
Learn more at the official website: www.npc.org
Mission Statement of National Petroleum Council
The National Petroleum Council, an advisory body, plays a crucial role in providing guidance, information, and recommendations to the Secretary of Energy regarding matters relating to oil and gas or the oil and gas industries. Its sole purpose is to offer written advice on various topics within these sectors, acting as a bridge between the energy sector and government policies. In 2022, the National Petroleum Council conducted three studies in response to requests from the Secretary of Energy, focusing on short-term energy challenges, a manageable energy transition, and the deployment of low and zero carbon hydrogen energy at scale. These studies aim to provide insights and recommendations to help navigate the shifting energy landscape and promote sustainable solutions. Additionally, the National Petroleum Council is also working on a study to define pathways and prioritize options for reducing greenhouse gas emissions across the U.S. natural gas value chain. Through these studies, the National Petroleum Council seeks to inform policy-making and contribute to the development of a sustainable energy future.
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Impact
October, 2024
The National Petroleum Council (NPC) plays a critical role in shaping energy policy and strategies related to oil and gas in the United States. By advising the Secretary of Energy, the NPC contributes to informed decision-making processes that impact national energy markets and environmental standards.
In 2022, the NPC focused on urgent energy challenges and strategies for a manageable transition to a net-zero future. Through several studies, it addressed the complexities of current energy markets and proposed actionable insights. The NPC's reports on short-term actions to enhance petroleum supply resilience and its principles for progressing to net-zero emissions reflect a comprehensive approach to navigating both immediate and long-term energy concerns.
Additionally, the NPC is engaged in significant studies regarding low- and zero-carbon hydrogen energy and greenhouse gas emissions reduction across the natural gas value chain. By organizing study teams, conducting analyses, and engaging academic modeling efforts, the NPC aims to produce viable pathways for achieving economic and environmental goals in the energy sector.
Overall, the NPC's impact extends beyond mere recommendations; it actively influences how the energy landscape evolves, advocating for a balanced, sustainable approach that addresses both industry needs and environmental responsibilities.
This information is meant to be a general summary of National Petroleum Council. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,692
- Program Service Revenue: $412
- Gross Receipts: $4,977,923
Assets and Liabilities:
- Total Assets: $13,950,382
- Total Liabilities: $11,518,548
- Net Assets: $2,431,834
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLICATIONS
Revenue
$412
Organization Details
Founding Year
1946
Phone
(202) 393-6100Principal Officer
Marshall Nichols
Main Address
1625 K STREET NW 600, WASHINGTON, DC, 20006
Website
www.npc.orgNTEE Category
Code: S40 - Community improvement
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