BP Floods Gulf of Mexico with Oil, Is Subsequently First in Line to Receive Offshore Drilling Permit

March 9th, 2011

“(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?

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