These 21 Largest Oklahoma Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of an impressive $8,785 mil in the most recent fiscal year 2011, which was an earnings improvement of a massive $13,142 mil above the Total After-tax Net Loss of $4,357 mil generated by these same 21 Largest Oklahoma companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
So if the question to be answered is whether, in the aggregate, these 21 Largest Oklahoma Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and by $13.1 bil better, as audited earnings performance is measured by the prestigious US Accounting Profession.
So it's not just the Blue States and Swing States which have had their largest and somewhat largest corporations generate very strong earnings improvement during the Obama Administration. Corporations in all Red States, including Oklahoma, have done likewise. This just shows that the Obama Administration has been evenhanded in focusing on creating an excellent US economic environment that have permitted businesses all throughout the country to prosper.
Below here is the Audited under US GAAP After-tax Net Income or Net Loss from Continuing Operations for each of these 21 Largest Oklahoma Corps for each of the most recent five fiscal years. A huge majority of these 21 Corporations have a December Fiscal Year End (FYE).
FYE | FYE | FYE | FYE | FYE | ||
2011 | 2010 | 2009 | 2008 | 2007 | ||
Reported | Reported | Reported | Reported | Reported | ||
Audited | Audited | Audited | Audited | Audited | ||
After-Tax | After-Tax | After-Tax | After-Tax | After-Tax | ||
Net Income | Net Income | Net Income | Net Income | Net Income | ||
(Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||
HQs | mil $s | mil $s | mil $s | mil $s | mil $s | |
Oklahoma Largest Corps | ||||||
Oil and Gas Corps | ||||||
Devon Energy | Oklahoma City | 2,134 | 2,333 | (2,753) | (3,039) | 2,485 |
Chesapeake Energy | Oklahoma City | 1,757 | 1,774 | (5,805) | 604 | 1,455 |
Williams Companies | Tulsa | 1,078 | 271 | 346 | 682 | 677 |
OneOK | Tulsa | 758 | 540 | 484 | 595 | 493 |
Helmerich & Payne | Tulsa | 435 | 286 | 381 | 420 | 416 |
Continental Resources | Enid | 429 | 168 | 71 | 321 | 29 |
Magellan Midstream Partners | Tulsa | 414 | 312 | 226 | 330 | 231 |
Atlas Pipeline Partners | Tulsa | 295 | (41) | (21) | (511) | (117) |
Unit Corp | Tulsa | 196 | 146 | (56) | 144 | 266 |
Sandridge Energy | Oklahoma City | 162 | 195 | (1,773) | (1,440) | 50 |
GulfPort Energy | Oklahoma City | 108 | 47 | 24 | (185) | 38 |
Laredo Petroleum | Tulsa | 106 | 86 | (184) | (192) | (6) |
Chaparral Energy | Oklahoma City | 42 | 34 | (151) | (56) | (6) |
Rose Rock Midstream LP | Tulsa | 23 | 23 | 34 | (994) | (394) |
PostRock Energy | Oklahoma City | 20 | 57 | (292) | (240) | (47) |
SemGroup | Tulsa | 3 | (135) | (35) | (1,399) | (362) |
WPX Energy | Tulsa | (272) | (1,275) | 147 | 815 | 191 |
Non-Oil and Gas Corps | ||||||
Alliance Resource Partners | Tulsa | 389 | 321 | 192 | 135 | 170 |
BOK Financial | Tulsa | 289 | 248 | 204 | 146 | 221 |
Tronox | Oklahoma City | 259 | 149 | (19) | (146) | NA |
Dollar Thrifty | Tulsa | 160 | 131 | 45 | (347) | 1 |
Total all 21 Largest Oklahoma Corps | 8,785 | 5,670 | (8,935) | (4,357) | 5,791 | |
Annual Increase (Decrease) | ||||||
…..Amount | 3,115 | 14,605 | (4,578) | (10,148) | ||
…..Percentage | 55% | 163% | -105% | -175% | ||
Three Year Increase (2008-2011) Under Obama | ||||||
…..Amount | 13,142 | |||||
…..Percentage | 302% |