Employees at U.S. oil supermajors have lost $5 billion in savings since the end of 2018 as more than a third of these savings were in company stocks, which have been battered by oil price swings amid heightened market uncertainty. Reuters reported the figures, based on research of company disclosures, which showed the five biggest U.S. oil companies by market size—Exxon, Chevron, Conoco, EOG Resources, and Occidental Petroleum—held $44 billion in 401 (k) employee assets at end-2018, for around 66,000 employees. Of the total, 36 percent was in company stock. However, the average return on these five companies’ stock over the period covered by the research, was a negative 44 percent, Reuters also reported, with the range between -22 percent and -77 percent. The portion of savings held in energy company stocks across the five biggest oil majors in the U.S. compared with just 6 percent held in company […]