Energy IQ, Day 4: Who Owns 'Big Oil?
Jane Van Ryan
Posted July 2, 2009
When oil companies do well, who benefits? Is it solely the companies' management? Or do average investors benefit as well? Consider this question:
What percent of U.S. oil companies' stocks are owned by corporate management?
So if you're wondering who owns the oil companies chances are--you do. In fact, only 1.5 percent of company shares are owned by industry executives.
It's a common misperception that oil executives are the only benefactors of industry success. Instead, the bulk of oil company benefactors are hardworking men and women across America who invest in mutual fund accounts, IRAs or personal retirement accounts. If you have a retirement account, there's a good chance a portion of it is invested in oil, natural gas and energy stocks.
For more information, read the stock ownership study below by economists Robert J. Shapiro and Nam D. Pham. And check back later to test your energy knowledge.
About The Author
- Blogger Conference Call - Oil Sands Development and the Keystone XL
- Blogger Conference Call - ExxonMobil Earnings and Taxes
- Blogger Conference Call - Industry Earnings and Public Pension Plan Ownership
- ETR 130 - The Oil and Natural Gas Industry's Contribution to State Pension Plans
- Keystone Pipeline: The Sooner, the Better
- Capping Stack: A Positive Outcome from a Tragic Accident