Toro
Diamond Member
So, I was looking for information about the Iraq war. I looked up oil companies.
It seems that Exxon is the company making the most profit in Iraq right now out of all the foreign oil companies.
I looked for the owners of Exxon, I found that Vanguard and Blackrock are numbers one and two.
Who owns Exxon Mobil Corporation? Top holders of XOM according 13F SEC filings - stockzoa
Not sure how much to trust this website.
I then looked at who owned Vanguard and Blackrock.
Seems Vanguard and Blackrock are the biggest owners of these two companies.
It would seem to be a way for rich people to hide what they own.
So who owns Vanguard and Blackrock? I mean in terms of individuals. Who benefits from their profits in Iraq?
Halliburton is also owned by these two (as largest shareholders).
Lockheed Martin made a killing in Iraq.
Vanguard and Blackrock are two of the top four investors. State Street and Capital World Ventures are there too.
Boeing also made a killing in Iraq. Vanguard and Blackrock being 1 and 2.
General Dynamics made a killing in Iraq. 4th and 5th are Vanguard and Blackrock.
There are other companies that appear often. Companies like State Street Corportation which have Vanguard and Blackrock as 3 + 4
Others have information missing on this site.
So, who owns all of this? Yes, I understand there might be a large amount of shareholders. But these rich people will own a lot of these companies, or the companies that own the companies that own the companies that own the companies.
Who are the major players and why can't you figure it out?
Blackrock and Vanguard are the largest shareholders in most American companies. They run what are known as "passive funds" meaning they invest based on the construction of an index like the S&P 500. They don't actively manage their funds, i.e. they don't have portfolio managers who say "Hmm, I want to buy a lot of Exxon today."
The reason why they are the largest shareholders is because Vanguard is the largest passive mutual fund company while Blackrock is the larges manager of passive Exchange Traded Funds.