The Oil Clan
The oil clan is a family of billionaires who have made their fortune in the oil industry. The family is headed by Sir Ian Wood, who is the founder of Wood Group, a global energy services company. The family also includes his sons, George and Peter, who are both involved in the business.
The family has been in the oil business for over 50 years and has built up a large portfolio of investments in the industry. They have a controlling stake in a number of oil and gas companies, including BP, Shell, and Total.
900 Million Dividend
Recently, the family received a dividend of 900 million pounds from their UK business. This is the largest dividend ever paid out by a UK company. The dividend was paid out to the family’s holding company, Wood Group Investments.
The dividend was paid out of profits from the company’s oil and gas operations in the UK. The company has been operating in the UK for over 30 years and has a number of oil and gas fields in the North Sea.
The dividend was paid out to the family’s holding company, which is owned by Sir Ian and his sons. The dividend was paid out in cash and will be used to invest in the family’s other businesses.
The Impact of the Dividend
The dividend has had a significant impact on the family’s wealth. It has increased their net worth by around 10 percent. This is a significant increase in wealth for the family and will help them to continue to invest in their other businesses.
The dividend has also had an impact on the UK economy. The money has been used to invest in the UK economy, creating jobs and stimulating economic growth.
The Future of the Oil Clan
The oil clan is one of the wealthiest families in the world and their wealth is likely to continue to grow in the future. They have a large portfolio of investments in the oil and gas industry and are likely to continue to benefit from the industry’s growth.
The family is also likely to continue to invest in other businesses and industries. They have a long history of investing in a variety of industries and are likely to continue to do so in the future.
Conclusion
The oil clan is a family of billionaires who have made their fortune in the oil industry. Recently, they received a dividend of 900 million pounds from their UK business. This is the largest dividend ever paid out by a UK company. The dividend has had a significant impact on the family’s wealth and the UK economy. The family is likely to continue to benefit from the industry’s growth and invest in other businesses and industries in the future.