BP PLC (NYSE: BP) is a British integrated oil and gas company with operations in more than 70 countries around the world. Its upstream operations were responsible for the production of 3.6 million barrel-of-oil equivalents (BOEs) per day in Q3 2019. The company's downstream operations include oil and gas trading and distribution activities, and the production and marketing of petrochemicals, lubricants, and fuels. As of July 2020, BP has a market capitalization of $77.4 billion.
BP's ordinary shares are traded publicly on the London Stock Exchange and the Frankfurt Stock Exchange in Germany. BP American Depositary Shares (ADSs) trade publicly on the New York Stock Exchange (NYSE). One BP ADS represents ownership rights in six BP ordinary shares.
Here are the top five institutional shareholders of British Petroleum. The information is current as of July, 2020.
- British Petroleum, better known as BP, is a global oil company based in the United Kingdom.
- As a British company, U.S. investors can purchase its American Depositary Shares (ADS) on major stock exchanges.
- The company is owned 11% by institutional investors. Here we take a look at the top 5 such shareholders.
The Public Investment Fund (PIF)
The Public Investment Fund (PIF) of Saudi Arabia was established in 1971, and is that nation's sovereign wealth fund. It provides financing for productive commercial projects that are strategically significant to the development of the Saudi Arabian economy. The fund complements private sector efforts with additional experience and capital resources.
The PIF is currently the largest shareholder of BP, with a reported 33.9 million BP shares. The firm's investment in BP accounts for 3.7% of outstanding BP shares.
State Street Corporation
State Street Corporation (NYSE: STT) is a global financial services company based in Boston, Massachusetts, and third-largest institutional shareholder of BP. The company's investment management arm operates under the State Street Global Advisors brand, offering institutional investors a range of investment products, and research and advisory services.
State Street Corporation owns roughly 28.5 million shares of BP shares, which represents 3.1% of the company.
FMR Co., Inc.
FMR Co., Inc. is a privately-owned investment manager based in Boston, Massachusetts, with additional offices in Chicago, Denver, and Miami. While the firm primarily services investment companies, it also caters to pooled investment vehicles, investment advisors, government entities, and propriety funds. FMR operates as a subsidiary of Fidelity Management & Research Company.
With 19.4 million shares of BP ADS, the investment manager comes in at number three for the company's largest institutional shareholders. TTey represent about 2.1% of the BP.
Dimensional Fund Advisors, Inc.
Dimensional Fund Advisors, Inc. is an American investment manager serving institutional and individual investors in North America, Europe, and Asia. The Dimensional Fund Advisors' approach to investment is founded on the use of cutting-edge academic research. It has long-nurtured close relationships with leading academics in the field of finance, including the 2013 Nobel Prize Laureate Eugene F. Fama, who is a founding shareholder of the firm and a member of its board of directors.
Dimensional Fund Advisors, Inc. owns 13.4 million BP ADS shares, equivalent to roughly 1.6% of the company's outstanding shares.
The Vanguard Group
The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania. It is the largest provider of mutual funds globally and the second-largest provider of exchange-traded funds after investment management company BlackRock. As of January 31, 2018, Vanguard has $5.1 trillion in assets under management.
Vanguard owns about 14.5 million shares of BP, making it the company's fifth-largest institutional shareholder.