When oil prices spike, where does the money go?: https://theconversation.com/when-oil-prices-spike-where-does-the-money-go-280763 https://theconversation.com/wh

When oil prices spike, where does the money go?: https://theconversation.com/when-oil-prices-spike-where-does-the-money-go-280763 https://theconversation.com/when-oil-prices-spike-where-does... The immediate effect is more income from higher prices. The money largely goes to company owners – meaning shareholders – through dividends, debt reduction, company-backed purchases of its own stock, and reinvestment in drilling and production.