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Who Owns BP? Biggest Shareholder is JPMorgan Chase Saturday, June 12, 2010 In the wake of the Gulf of Mexico oil spill, BP's stock value has plummeted, prompting news stories identifying the company's largest investors. Oddly enough, some media outlets have failed to identify the largest BP shareholder: the U.S. investment firm JPMorgan Chase. According to the European financial database Amadeus, JPMorgan Chase is the No. 1 holder of stock in BP. That distinction also has earned the Wall Street bank the title of "Global Ultimate Owner" of the oil giant, as it owns 28.34% of BP. Next, at 7.99%, is Legal and General Group, a British-based financial services company with assets of more than $350 billion. Another U.S. investment firm, BlackRock Inc., owns 7.1% of BP. Other owners include the governments of Kuwait, Norway, Singapore and China. Noel Brinkerhoff, David Wallechinsky <http://www.allgov.com/Top_Stories/ViewNews/Who_Owns_BP__Biggest_Shareholder _is_JPMorgan_Chase_100612 > ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
