Who Owns the Oil Companies

a12iggymom's Blog

If you’re wondering who owns “Big Oil,” chances are good the answer is “you.” If you have a mutual fund account, and 57 million U.S. households do, there’s a good chance it invests in oil and natural gas stocks. If you have an IRA or personal retirement account, and 46 million U.S. households do, there’s a good chance it invests in energy stocks. If you have a pension plan, and 61 million U.S. households do, odds are it invests in oil and natural gas.

Contrary to popular belief, and what some politicians might say, America’s oil companies aren’t owned just by a small group of insiders. Only 2.9 percent of industry shares are owned by corporate management. The rest is owned by tens of millions of Americans, many of them middle class.
– See more at: http://www.whoownsbigoil.org/#/?section=whoowns-the-oil-companies

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