“(Reuters) – BP Plc (BP.L)(BP.N), whose Macondo well blowout in the Gulf of Mexico caused the worst offshore oil spill in U.S. history last year, co-owns the well that received the first deepwater drilling permit since the disaster.
BP is Noble Energy Inc’s (NBL.N) partner in the well, holding a 46.5 percent interest, BP said.”
What do you think?
If BP owns less than 50% of Noble Energy, how much influence do BP executives have over Noble’s business activities? Would an ownership percentage like this affect your decision to invest in a company like Noble?
Tags: BP, gulf of mexico, offshore drilling, Oil, oil spill