Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.
The Total Non-GAAP Adjusted After-tax Net Income of these 24 US Big Oil & Gas Corps was $129.4 bil in annual 2012, up 3.5% over 2011.
On an Earnings Per Share basis, the total growth was a more robust 6.3%, which was a company-earnings-weighted 2.8% higher than the 3.5% total earnings growth, due to large common stock buyback programs by some of these Big Oil & Gas Corps, especially the giant ExxonMobil.
Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 24 US Big Oil & Gas Corps:
| EPS | |||||||
| Growth | |||||||
| Annual | Annual | Over | |||||
| 2012 | 2011 | Adjusted | Earnings | ||||
| Non-GAAP | Non-GAAP | EPS | Growth | ||||
| Adjusted | Adjusted | Increase | Increase | Increase | Positive | ||
| Net | Net | (Decrease) | (Decrease) | (Decrease) | % | ||
| Company | Income | Income | Amount | % | % | Spread | |
| mils of $s | mils of $s | mils of $s | |||||
| US Big Oil and Gas | |||||||
| Exxon Mobil | 44,880 | 41,060 | 3,820 | 9.3% | 15.2% | 5.9% | |
| Chevron | 26,179 | 26,895 | (716) | -2.7% | -0.9% | 1.8% | |
| ConocoPhillips | 6,734 | 7,982 | (1,248) | -15.6% | -6.6% | 9.0% | |
| Occidental Petroleum | 5,750 | 6,828 | (1,078) | -15.8% | -15.5% | 0.3% | |
| Schlumberger | 5,578 | 4,915 | 663 | 13.5% | 15.5% | 2.0% | |
| Phillips 66 | 5,387 | 3,591 | 1,796 | 50.0% | 49.5% | -0.5% | |
| Apache | 3,767 | 4,651 | (884) | -19.0% | -19.9% | -0.9% | |
| Marathon Petroleum | 3,352 | 2,406 | 946 | 39.3% | 45.7% | 6.4% | |
| Valero Energy | 3,107 | 2,090 | 1,017 | 48.7% | 51.1% | 2.4% | |
| Halliburton | 2,587 | 3,010 | (423) | -14.1% | -14.7% | -0.6% | |
| National Oilwell Varco | 2,524 | 2,022 | 502 | 24.8% | 23.8% | -1.0% | |
| Enterprise Products Partners | 2,428 | 2,088 | 340 | 16.3% | NA | NA | |
| Anadarko Petroleum | 2,069 | 1,719 | 350 | 20.4% | 19.4% | -1.0% | |
| Hess | 1,998 | 1,984 | 14 | 0.7% | 0.5% | -0.2% | |
| Marathon Oil | 1,736 | 2,293 | (557) | -24.3% | -23.7% | 0.6% | |
| HollyFrontier | 1,727 | 1,023 | 704 | 68.8% | 30.5% | -38.3% | |
| EOG Resources | 1,536 | 1,009 | 527 | 52.2% | 49.6% | -2.6% | |
| Transocean Ltd | 1,419 | 494 | 925 | 187.2% | 160.5% | -26.7% | |
| Plains All American Pipeline LP | 1,414 | 1,021 | 393 | 38.5% | NA | NA | |
| Kinder Morgan Inc | 1,333 | 449 | 884 | 196.9% | NA | NA | |
| Baker Hughes | 1,324 | 1,813 | (489) | -27.0% | -27.5% | -0.5% | |
| Devon Energy | 1,322 | 2,557 | (1,235) | -48.3% | -46.7% | 1.6% | |
| Spectra Energy | 938 | 1,159 | (221) | -19.1% | -19.2% | -0.1% | |
| Chesapeake Energy | 285 | 1,936 | (1,651) | -85.3% | -78.2% | 7.1% | |
| Total all 24 | 129,374 | 124,995 | 4,379 | 3.5% | 6.3% | 2.8% |
