Burmah Oil promptly spun off the Anglo-Persian Oil Company to oversee production of Persian oil. The British government took 51% majority control of the company’s shares in 1914at the behest of Winston Churchill, then First Lord of the Admiralty, and survives today as BP. ...
Microsoft has become the second public US company to reach a $2T market value, after Apple did in August 2020 and two years after hitting its first $1T in value — - Shares of the software giant have gained 19% so far this year — Only Apple and Saudi Aramco had hit $2 trillion in...