Each Of The Five Oil Majors Is Controlled By No More Than 25 Institutional Shareholders
In an opinion piece for Le Monde, business management professor Robert Bell argues that a small group of institutional investors holds a dominant stake in the world's largest oil companies, giving them significant control over the energy transition.
Bell highlights that Chevron, Exxon, Total, BP, and Shell are each controlled by no more than 25 institutional shareholders, who hold between 38% and 50% of the companies' shares. These investors, mostly American, include major financial institutions such as BlackRock, Vanguard, and State Street.
This concentration of ownership raises concerns about the power of these investors over the oil industry and the energy transition, as well as potential conflicts of interest between their financial goals and the broader public interest.
Bell's article sheds light on the complex dynamics of corporate ownership and control in the energy sector and raises important questions about the role of institutional investors in shaping the future of energy.
Read the full article on Le Monde Source: EVWorld.com NewsAI
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