Want to Know Who Owns Big Oil – Check It Out

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While people are demonizing big oil, maybe they should take a quick look at who actually owns big oil. People who want to rid the country of oil companies are going to find their pension funds go bust.

PENSION FUNDS: 31 percent of U.S. oil and natural gas shares are owned by public or private pension plans. Pension funds are major institutional investors, and they manage assets on behalf of nearly 61 million American households, with an average account value of less than $55,000.

This is the breakdown

  • 31.2% PENSION FUNDS
  • 21.1% INDIVIDUAL INVESTORS
  • 20.6% MUTUAL FUNDS
  • 17.7% IRAS
  • 6.6% OTHER INSTITUTIONAL INVESTORS
  • 2.8% OIL COMPANY EXECUTIVES

Source: Who Owns Big Oil

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