These 70 Largest Texas Corps filing with the SEC generated Externally Audited US GAAP Total After-tax Net Income from Continuing Operations of $112 bil in the most recent fiscal year 2011, which was a profit increase of 157% as compared with the Total After-tax Net Income of $44 bil generated by these same 70 Texas companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
Texas Corp 2011 Earnings
Since corporate earnings drive stock prices, in this post I turn my attention to just how well the stock market prices of these Texas Corps have performed since President Obama took office.
Of these 70 Texas Corps, 60 of them had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on last Friday, October 19, 2012. Two of them, Conoco Phillips and Marathon Oil had large recent spinoffs and thus I also excluded them. That leaves 58.
I retrieved all of the below stock market closing price information from the excellent Big Charts.com website.
These 58 Texas Corps had an average stock market price increase of a very robust 98% since President Obama took office on January 20, 2009. This is much higher than both the 69% increase in the S&P 500 Index and the 61% increase in the Dow Industrials Index, both during the same time span.
There were 31 Oil and Gas Corps included. They registered an average stock market price increase of 101% since President Obama took office. Included in these 31 was Exxon Mobil, whose stock price increase was only 18%, due mainly to its earnings being down 10% in 2011 from what they were in 2008.
Texans have to be very happy with the stock market performance of their many fine Texas companies during the Obama Administration.
And Texas citizens also must be very pleased with how the Obama Administration worked so hard and very effectively on so many fronts to create a US economic environment that permitted these Texas companies to flat out flourish. This highly successful effort created a robust US economic environment which was quite a change from what existed in the just horrible financial meltdown, near Depression year of 2008.
So it's not just the Blue States and Swing States which have had very robust average stock market price increases during the Obama Administration. Corporations in all Red States, including Texas, have also been fortunate to experience these very nice average stock market price increases too. 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 are the common stock market closing prices of each of these 58 Texas companies at both the most recent date, and also at the date just before President Obama took office, as well as the percentage stock market price changes for this period of time.
| Market | Market | Percentage | ||
| Texas | Price | Price | Increase | |
| HQs | 10-19-12 | 1-16-09 | (Decrease) | |
| S&P 500 Index | 1,433.19 | 850.12 | 69% | |
| Dow Industrials Index | 13,343.51 | 8,281.22 | 61% | |
| Texas Largest Corps | ||||
| Oil and Gas Corps | ||||
| Pioneer Natural Resources | Irving | $105.30 | $16.11 | 554% |
| Concho Resources | Midland | $92.34 | $22.11 | 318% |
| FMC Technologies | Houston | $44.37 | $13.12 | 238% |
| National Oilwell Varco | Houston | $80.70 | $24.25 | 233% |
| Helix Energy Solutions | Houston | $18.95 | $6.56 | 189% |
| Energy Transfer Equity LP | Dallas | $44.97 | $17.06 | 164% |
| Linn Energy | Houston | $41.33 | $15.98 | 159% |
| Rowan Companies | Houston | $34.28 | $13.81 | 148% |
| Cameron Intl | Houston | $55.21 | $22.58 | 145% |
| Tesoro | San Antonio | $38.16 | $15.91 | 140% |
| Plains All American Pipeline LP | Houston | $44.84 | $18.89 | 137% |
| El Paso Pipeline Partners | Houston | $36.66 | $16.65 | 120% |
| Enbridge Energy Partners | Houston | $29.97 | $14.52 | 106% |
| Noble Energy | Houston | $94.24 | $46.79 | 101% |
| Spectra Energy | Houston | $29.62 | $14.78 | 100% |
| Halliburton | Houston | $34.98 | $17.74 | 97% |
| Anadarko Petroleum | The Woodlands | $70.34 | $37.48 | 88% |
| Schlumberger | Houston | $74.00 | $39.90 | 85% |
| Plains Exploration & Production | Houston | $38.00 | $20.80 | 83% |
| EOG Resources | Houston | $113.07 | $63.73 | 77% |
| Newfield Exploration | The Woodlands | $34.14 | $19.99 | 71% |
| Patterson UTI | Snyder | $17.31 | $10.15 | 71% |
| Enterprise Products Partners | Houston | $36.66 | $22.00 | 67% |
| Kinder Morgan Energy Partners | Houston | $84.71 | $53.22 | 59% |
| Denbury Resources | Plano | $16.21 | $10.76 | 51% |
| Baker Hughes | Houston | $44.75 | $31.88 | 40% |
| W&T Offshore | Houston | $18.65 | $13.90 | 34% |
| Southwestern Energy | Houston | $35.25 | $28.60 | 23% |
| Valero Energy | San Antonio | $29.53 | $24.03 | 23% |
| Diamond Offshore | Houston | $70.52 | $57.97 | 22% |
| Exxon Mobil | Irving | $92.15 | $78.10 | 18% |
| Energy Transfer Partners | Dallas | $42.25 | $35.95 | 18% |
| Apache | Houston | $86.87 | $74.49 | 17% |
| Weatherford Intl | Houston | $12.20 | $10.77 | 13% |
| EXCO Resources | Dallas | $8.80 | $8.84 | 0% |
| Quicksilver Resources | Fort Worth | $4.59 | $6.65 | -31% |
| Ultra Petroleum | Houston | $23.86 | $34.64 | -31% |
| Average Increase: All 37 Oil and Gas Corps | 101% | |||
| Non-Oil and Gas Corps | ||||
| Tenet Healthcare | Dallas | $23.51 | $4.76 | 394% |
| DR Horton | Fort Worth | $21.48 | $6.78 | 217% |
| Celanese | Irving | $37.26 | $12.06 | 209% |
| Dr Pepper Snapple | Plano | $44.46 | $16.45 | 170% |
| Flowserve | Irving | $132.84 | $50.51 | 163% |
| Cooper Industries | Houston | $74.20 | $29.62 | 151% |
| Comerica | Dallas | $29.43 | $14.38 | 105% |
| Torchmark | McKinney | $51.10 | $25.09 | 104% |
| KBR | Houston | $30.78 | $15.98 | 93% |
| Texas Instruments | Dallas | $27.81 | $15.02 | 85% |
| Kimberly Clark | Irving | $86.88 | $53.22 | 63% |
| BMC Software | Houston | $40.34 | $27.39 | 47% |
| AT&T | Dallas | $35.32 | $25.23 | 40% |
| JC Penney | Plano | $26.01 | $19.31 | 35% |
| Sysco | Houston | $30.92 | $23.74 | 30% |
| Fluor | Irving | $57.16 | $44.60 | 28% |
| Southwest Airlines | Dallas | $8.88 | $8.61 | 3% |
| Waste Management | Houston | $32.53 | $32.39 | 0% |
| Dean Foods | Dallas | $18.30 | $18.44 | -1% |
| GameStop | Grapevine | $23.12 | $24.68 | -6% |
| Dell | Round Rock | $9.55 | $10.27 | -7% |
| Average Increase: All 21 Non-Oil and Gas Corps | 92% | |||
| Total all 58 Largest Texas Corps | 98% |
It should be pointed out that the above earlier period stock prices of Tenet Healthcare has been adjusted to reflect the effect of a one-for-four reverse stock split.
