Offshore Drilling Ban to be Lifted by Bush

[Kevy Baby]

Originally Posted by scaeagles

I'm not sure what percentage owns stock in oil companies, but 401Ks are invested somewhere.

Checking Yahoo Finance for Major Holders of Exxon Mobil stock:

MAJOR DIRECT HOLDERS (FORMS 3 & 4)
Holder - Shares - Reported
TILLERSON REX W - 914,569 - 7-Dec-07
MCGILL STUART R - 901,244 - 5-Jun-07
SIMON J STEPHEN - 818,592 - 6-May-08
CRAMER HAROLD R - 600,213 - 19-May-08
PRYOR STEPHEN D - 580,445 - 16-May-08

With 5.28 billion shares outstanding, this means that the top individual stockholder (Rex Tillerson - Chairman and CEO) only owns about 0.033% - yes, just 3/100 of a percentage point - of stock (and he is the top of the food chain at EM).

Further, 52% of all EM stock is owned by Institutional & Mutual Fund holders - you and I with our pensions hoping to make a little money so that we can retire at a reasonable age.