Commentary - 09/21/2006

Who "Controls" The Six Major Integrated Oil/Gas Companies?

It seemed an interesting exercise to determine who really controls the six major integrated oil/gas companies, according to market cap. It was a lot of work, but it turned out very interesting, indeed. I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

Six Major Integrated Oil/Gas Companies (as of 30-JUN-2006)  
Symbol Name Of Corporation
XOM

Major
Holders
1. Exxon Mobil Corp. [$380.72B]
Barclays Global Investors UK Holdings Ltd4.06%
State Street Corporation3.17%
Vanguard Group, Inc.2.63%
AXA (Paris, France)1.62%
JP Morgan Chase & Company1.59%
Mellon Financial Corporation1.52%
FMR Corporation (Fidelity Management & Research Corp)1.51%
Northern Trust Corporation1.39%
Wellington Management Company, LLP1.12%
Capital Research And Management Company1.05%
Total percentage of Barclays and "associates"11.73%
TOT

Major
Holders
2. Total SA [$309.13B]
% of Shares Held by US Institutional & Mutual Fund Owners:7.00%
% of Float Held by US Institutional & Mutual Fund Owners:7.00%
Company is based in Courbevoie, France
Company's mailing address is Paris, France
AXA probably owns controlling interest in Total SA.
BP

Major
Holders
3. BP plc [$216.60B]
% of Shares Held by US Institutional & Mutual Fund Owners:14.00%
% of Float Held by US Institutional & Mutual Fund Owners:14.00%
Company is headquartered in London, the United Kingdom.
Company's mailing address is London, the United Kingdom.
Barclays probably owns controlling interest in BP plc.
PTR

Major
Holders
4. PetroChina Co. Ltd. [$122.13B]
% of Shares Held by US Institutional & Mutual Fund Owners:3.00%
% of Float Held by US Institutional & Mutual Fund Owners:3.00%
Company is headquartered in Beijing, China.
Company's mailing address is Beijing, China.
CVX

Major
Holders
5. Chevron Corp. [$133.81B]
Capital Research And Management Company5.55%
State Street Corporation3.78%
Barclays Global Investors UK Holdings Ltd3.77%
Vanguard Group, Inc.2.61%
AXA (Paris, France)2.60%
Wellington Management Company, LLP2.59%
Dodge & Cox Inc.1.99%
Mellon Financial Corporation1.36%
JP Morgan Chase & Company1.32%
Northern Trust Corporation1.27%
Total percentage of Barclays and "associates"11.50%
COP

Major
Holders
6. ConocoPhillips [$94.34B]
Barclays Global Investors UK Holdings Ltd5.10%
Capital Research And Management Company4.01%
Wellington Management Company, LLP3.42%
Davis Selected Advisers, LP3.03%
State Street Corporation2.79%
Vanguard Group, Inc.2.44%
AXA (Paris, France)2.40%
FMR Corporation (Fidelity Management & Research Corp)2.34%
Mellon Financial Corporation1.94%
Deutsche Bank Aktiengesellschaft1.66%
Total percentage of Barclays and "associates"9.83%


2006 by Edward Ulysses Cate
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