WASHINGTON — The United States government has temporarily banned the British oil company BP from new federal contracts, citing the company’s “lack of business integrity.”
It has been very interesting to watch how BP has been labelled - primarily in the US press - as a British company. I don't believe it has been wholly-, or even majority-owned by British shareholders for a very long time. It's certainly been a decade or more since BP changed its name from "British Petroleum".
The present breakdown shows that US shareholders have the majority at 38% and the UK shareholders are next in line with 33% (although that is comprised of a greater number of institutional investors each having a smaller number of shares).
It has been very interesting to watch how BP has been labelled - primarily in the US press - as a British company. I don't believe it has been wholly-, or even majority-owned by British shareholders for a very long time. It's certainly been a decade or more since BP changed its name from "British Petroleum".
ReplyDeleteThe present breakdown shows that US shareholders have the majority at 38% and the UK shareholders are next in line with 33% (although that is comprised of a greater number of institutional investors each having a smaller number of shares).
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