Myth: U.S. oil and natural gas companies are owned by oil executives and corporate insiders.
Myth: U.S. oil and natural gas companies are owned by oil executives and corporate insiders.
Truth: Only 1.5% of the U.S. oil and natural gas industry is owned by oil executives.
The remaining 98.5% of ownership is held by tens of millions of Americans who own "Big Oil" through mutual funds (29.5%), pension funds (27%), individual investments (23%), IRAs (14%) and other institutional investments (5%).
