Wednesday, November 28, 2012

BP Is Barred From Taking Government Contracts

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.”
Read the rest here.

1 comment:

Paul said...

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).