Chevron was excluded because the Big Charts data base didn't have its stock trading at the beginning of Bush 2 first Presidential term.
And both ConocoPhillips and Marathon were excluded because they both were recently broken up.
These 11 US Big Oil & Gas Corps have flat out thrived, not just in earnings growth, but also in stock price appreciation, since the beginning of the Bush 2 Administration, which started in January 2001.
The average stock price increase of these 11 US Big Oil & Gas Corps is an incredible 515% since January 19, 2001.
The magnitude of this 515% average stock price increase is particularly alarming when viewed in light of an S&P 500 Index increase of only 3% over this same time frame.
So, the stockholders and the top executives of these 11 US Big Oil & Gas Corps have clearly benefited immensely in the past just short of 12 years. But who did they receive this largesse from? Just who ended up getting their wealth transferred to these 11 US Big Oil & Gas Corp beneficiaries?
Well, clearly those who paid the sky-high, unreasonable gas and other energy prices. So, this would be mainly the US citizens at the gas pump, US businesses, and also the US Government.
Thus, in all fairness, the Big US Oil & Gas Corps should be ponying in a substantial amount of money in the upcoming Grand Bargain Debt debate. Can you imagine asking retirees to have their Medicare benefits reduced or their Social Security benefits reduced, and at the same time letting the Big US Gas & Oil Corps get off Scot-free? If this were to happen, I think you would have an incensed US retiree base.
As a first step, clearly the massive annual tax subsidies the US Big Oil & Gas Corps receive should be eliminated, not just the repeal of expensing of intangible drilling costs, and the repeal of percentage depletion, but also repeal of LIFO Inventory for US Big Oil and Gas companies, the elimination of the domestic activities production deduction for Big US Oil and Gas companies, and the elimination of the ability of US Big Oil and Gas companies to treat foreign royalties paid as foreign income tax credits for US federal income tax purposes.
But in all fairness, much more here is needed. The US Big Oil & Gas Corps have placed absolute havoc on the US economy. And there has been a massive transfer of wealth that needs to be reversed, not just to the US Government, but also to gas consumers and to US businesses.
One way to do this would be to enact a windfall profits tax on US Big Oil and Gas Corps, and also a pretty stiff transaction tax paid on all speculative oil future contracts, with the money raised from both to be used to reduce consumer and business gas taxes paid at the pump, and also used to reduce other consumer and business energy costs paid.
Below here are the stock prices of these 11 US Big Oil & Gas Corps at the beginning of the Bush 2 Administration, and also at the most recent date.
| Stock | Stock | |||
| State | Price | Price | % | |
| HQs | 11-09-12 | 1-19-01 | Increase | |
| US Big Oil & Gas Corps | ||||
| SEC Codes: | ||||
| ….. 1311 Crude Petroleum and Natural Gas | ||||
| …..or 2911 Petroleum Refining | ||||
| Southwestern Energy | TX | $34.20 | $1.24 | 2,653% |
| Occidental Petroleum | CA | $76.65 | $11.16 | 587% |
| Tesoro | TX | $37.59 | $5.66 | 565% |
| EOG Resources | TX | $114.52 | $22.13 | 418% |
| Exxon Mobil | TX | $87.21 | $19.86 | 339% |
| Murphy Oil | AR | $58.37 | $14.06 | 315% |
| Valero Energy | TX | $29.59 | $8.30 | 257% |
| Apache | TX | $78.56 | $26.06 | 202% |
| Anadarko Petroleum | TX | $70.65 | $28.46 | 148% |
| Devon Energy | OK | $53.83 | $27.43 | 96% |
| Chesapeake Energy | OK | $17.04 | $9.06 | 88% |
| Average Increase: All 11 US Big Oil & Gas Corps | 515% | |||
| S&P 500 Index | 1,379.85 | 1,342.55 | 3% |
OK, that's cool, but how did the stock prices of these 11 US Big & Gas Corps do just during the Obama Administration? Well, the stock price is up an average 40%, as compared with a 62% increase in the S&P 500 Index, over the same time frame.
So this is really good news for the US economy, for US real GDP growth, and for US job creation for the US Big Oil & Gas Corps to significantly underperform the S&P 500 Index. And on a weighted basis, this 40% average stock price increase is actually much lower, since the huge Exxon Mobil had its stock price increase by only 12% so far during the Obama Administration.
Thus, it's pretty clear to me why the US Big Oil & Gas Corps gave so much money to the Romney campaign to defeat President Obama in the Presidential election, and also gave so much money to defeat Democratic US Senate and US House candidates who were not in favor of the huge special tax subsidies and other breaks that the US Big Oil & Gas Industry receives each year.
Below here are the stock prices of these 11 US Big Oil & Gas Corps at the beginning of the Obama Administration, and also at the most recent date.
| Stock | Stock | |||
| State | Price | Price | % | |
| HQs | 11-09-12 | 1-16-09 | Increase | |
| US Big Oil & Gas Corps | ||||
| SEC Codes: | ||||
| ….. 1311 Crude Petroleum and Natural Gas | ||||
| …..or 2911 Petroleum Refining | ||||
| Tesoro | TX | $37.59 | $15.91 | 136% |
| Anadarko Petroleum | TX | $70.65 | $37.48 | 89% |
| EOG Resources | TX | $114.52 | $63.73 | 80% |
| Occidental Petroleum | CA | $76.65 | $53.53 | 43% |
| Murphy Oil | AR | $58.37 | $45.45 | 28% |
| Valero Energy | TX | $29.59 | $24.03 | 23% |
| Southwestern Energy | TX | $34.20 | $28.60 | 20% |
| Exxon Mobil | TX | $87.21 | $78.10 | 12% |
| Chesapeake Energy | OK | $17.04 | $15.26 | 12% |
| Apache | TX | $78.56 | $74.49 | 5% |
| Devon Energy | OK | $53.83 | $58.68 | -8% |
| Average Increase: All 11 US Big Oil & Gas Corps | 40% | |||
| S&P 500 Index | 1,379.85 | 850.12 | 62% |
