- Sep 19, 2011
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And who do you think gets these dividends payments? Wealthy people? CEOs of oil companies...That's the problem with record-setting dividend payments ... Big Oil has to raise prices to set a new record this year ...
AGAIN facts are so easy to come by so why do people believe the myths made up by jealous people?
As it turns out, oil and gas companies, like most large American corporations,
are not owned by a few wealthy individuals.
Instead, they are owned by
millions of ordinary Americans and foreigners, often through their retirement savings.
Contrary to popular belief, only about
one percent of the shares of the five major oil companies are held by officers and directors of these companies.
The rest is held by institutional investors and individual Americans, mostly in retirement accounts.
Who Really Owns the Oil Companies?
Many Americans believe that the oil and gas industry is owned by a few wealthy industrialists whose profits can easily be taxed away.
manhattan.institute
FACTS: Who Really Owns the Oil Companies?