Who Owns BP? Biggest Shareholder is JPMorgan Chase

Who Owns BP? Biggest Shareholder is JPMorgan Chase


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.

http://www.allgov.com/Top_Stories/ViewNews/Who_Owns_BP__Biggest_Shareholder_is_JPMorgan_Chase_100612

the investors of Blackrock and Chase?

I ask this because Blackrock is a mutual fund company. Are they saying that Blackrock funds owns 8 % of BP?

That's very different from Blackrock owning them.

BTW - I own BP. I have for years. Two hundred shares or so anyway. I sold when the explosion hit and was thinking how smart I was, but then I bought back when they were about to do the top hat. I don't look nearly as smart now.

is not exactly a 'mutual fund'


it's an investment management corp....lost 5+ billion buying Stuyvesant Town in NYC, trying to elim rent control for long time tenants...etc....

above which the share holder would actually become classified as the effective owner by way of controlling interest.

might have bought some on the cheap yesterday when most here had gone whooppee when the stock plumetted the day before. Prior to that I think they only had 27%. I've pointd out on numerous occasion , only to get flack as a result , that BP plc has been an Anglo American company since it merged with Amoco - it just happens to be UK registered for historic reasons. It also employs twice as many in the USA @ c. 24000 as it does in the UK.

Money owning money so it can make more money. At some point, this all has to come down.

.

Do tell.

Sorry, I thought you had something substantive to add. Nevermind.

exactly what profit is. Ponzi schemes have an absense of profit hence your absurd anology.

Educate yourself on how our financial system really works. There is NO ACTUAL PROFIT. It's all just a bunch of worthless chits being moved around to avoid collapse. The current low estimate of the dollar value of outstanding derivatives is $640 trillion. It may well be over $1 quadrillion. What do you think will happen if all the investors try to cash out at once?

Of course, there's a lot more involved here, but as long as you're relying on Wikipedia for your education, you and I are going to have a tough time communicating.

:smoke:

Had to edit to add... don't be flying in any small planes, Straight Story. Dick is not too happy that you made this observation so public.

What a bunch of bullshitters.

The implication was that it would hurt even more people.

The other aspect that hasn't gone unnoticed in the finacials is that it would effectively block US$3 billion from reaching your ecomony and as a result ultimately affect job creation in a negative way.

and with their share they will buy yachts, luxury items and pay people to serve them.

If that $3 billion went to the Gulf, it would go to fisherman, local businesses and local communities.

Not paying the dividend doesn't mean not spending the money.

Mister fascist investment banker Emmanuel strikes again.

Owns 100k in BP stock. Poor Jimmy.:evilgrin:

I become....

laughing when I saw the Morgan/Chase thread.

You all know, I'm sure, that JP Morgan was the OWNER of Titanic. Operating company was the White Star Line.

Morgan's ghost must have bought in to this blowout.

that is the feeling I seem to be getting alot lately. Every piece of new information about the corporatocracy, its holdings, the oil spill, the economy....the greed, the incompetence, the negligence...the flora and fauna perishing due to man's incalculable greed and selfishness.. It has become a physical ache.