Some interesting facts about BP

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According to BP‘s website, the largest single owner of voting shares is BlackRock Inc, an American based private equity firm. They own over 5%. Their recent purchase of Barclays probably brings their total to over 9%. BlackRock employees gave about $50k in individual contributions to Barrack Obama’s 2008 Presidential campaign, according to what I could find at opensecret.com.

The second largest owner of BP shares is Legal and General Plc. an Insurance company based in the UK. Legal and General has partnered with a bank in Egypt called Commercial International Bank. CIB has branches in Kuwait, KSA, UAE, and Qatar.

Andy Inglis, Executive Director of BP has an interesting background. He is chief executive of BP’s exploration and production business and holds regional responsibility for Russia, the Caspian, the Middle East, North and West Africa, Canada, the Caribbean and South America, Indonesia and Vietnam.
Following a series of commercial roles in exploration, he became chief of staff for BP Exploration in 1997. Later that year, he led BP’s activities in the deepwater Gulf of Mexico and in 1999 became vice president of the US western gas business.

In 2007, he was appointed a non-executive director of BAE Systems plc. BAE is a defense contractor based in the UK, with contracts for the US and KSA among others. BAE’s US board of directors include big military and political names such as General Anthony C Zini, Former Secretary of Homeland Security, Michael Chertoff, and Congressman and Co-Chair of the 9/11 Commission Lee Hamilton. Paul Anderson, a non-executive Director at BP is also a non-executive director of BAE Systems PLC.

In light of this information, the question is, “How much influence does BP have indirectly on Barrack Obama. And how much influence does the middle east have on BP? And how is our military industrial complex doing?”

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zenz6969
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Jun. 15, 2010 9:05 am

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