Wuerth While Wily Wakenings: Texas Largest Companies (215 Companies With Market Caps Above $1 Bil) Total Audited Earnings For the Most Recent Two Years (2016 and 2015) Dropped Precipitously ..................................................................................... Average Annual Total Audited Earnings For the Two Years 2015 and 2016 Were Only $17.039 Bil, Down By $107.522 Bil or Down By a Massive 86% as Compared With the Average Annual Total Audited Earnings For the Five Years 2010 to 2014 of a Huge $124.591 Bil ..................................................................................... These 215 Largest Texas Companies Had Their Total Audited Earnings Decline By $18.3 Bil From 2013 to 2014, By a Massive $105.2 Bil From 2014 to 2015, and then Recovered in 2016 Only $10.3 Bil, or Only 8% of the Two Year Total Earnings Deterioration in 2014 and 2015 of $123.5 Bil ..................................................................................... When There is Such a Horrific Collapse of Total Earnings in the Two Most Recent Years, the Texas Economy is in Serious Trouble and Needs Some Help ..................................................................................... US Capitalism Doesn't Work Properly When One of the Largest US States Has Such a Monstrous Collapse of Its Companies Earnings, Particularly With Its Spillover Effects Like to the Financial Industry Making Loans To and Investments In the Oil & Gas Industry ..................................................................................... In 2007, New York and Texas Both Had More Total Earnings Than Any Country in the World Except For the USA, With Texas Companies Largest Companies Total 2007 Earnings Being $129.4 Bil, Just Short of New York Companies $132.6 Bil and Way Ahead of California's $83.1 Bil ..................................................................................... A Year Later in the 2008 Financial Meltdown Year, New York Largest Companies Generated Total Audited Losses of $127.0 Bil, Down $259.6 Bil From Their 2007 Total Earnings of $132.6 Bil, Texas Largest Companies Generated Total Earnings Of $70.8 Bil in 2008 and California Largest Companies Posted Total Earnings of $61.3 Bil in 2008 ..................................................................................... By 2012, Texas Companies Total Companies Earnings Were $138.8 Bil and in 2013 Its Companies Total Earnings Were $135.4 Bil, Both Years Putting Texas in 4th place Behind Only New York, California and Japan ..................................................................................... Fast Forward to 2015 and 2016, Where There are Now Many Additional US States and Also Many Additional Countries With Total Earnings Substantially Above That in Texas, Which With the Oil Price Collapse, Had Only $11.9 Bil of Total Earnings in 2015 and Only $22.2 Bil in 2016, and California Companies Total Earnings Were $214.6 Bil in 2015 and $224.3 Bil in 2016 ..................................................................................... Thus During the Eight Years of the Obama Presidency, California Largest Companies Increased Their Total Earnings By $163 Bil From $61.3 Bil in 2008 to $224.3 Bil in 2016, New York Largest Companies Increased Their Total Earnings By an Even Much Higher $300.4 Bil From Total Losses of $127.0 in 2008 to Total Earnings of $173.4 Bil in 2016, While Texas Largest Companies Saw a Decrease in Their Total Earnings By $48.6 Bil From $70.8 Bil in 2008 to Only $22.2 Bil in 2016 ..................................................................................... With This Dramatic Change in US State Economic Status During the Obama Administration, It's Only Logical Why Obama's Approval Ratings At the End of His Presidency Were So Incredibly High in Both California and New York and Also So Incredibly Low in Texas and Oklahoma

Saturday, July 29, 2017

Texas Largest Companies (215 Companies With Market Caps Above $1 Bil) Total Audited Earnings For the Most Recent Two Years (2016 and 2015) Dropped Precipitously ..................................................................................... Average Annual Total Audited Earnings For the Two Years 2015 and 2016 Were Only $17.039 Bil, Down By $107.522 Bil or Down By a Massive 86% as Compared With the Average Annual Total Audited Earnings For the Five Years 2010 to 2014 of a Huge $124.591 Bil ..................................................................................... These 215 Largest Texas Companies Had Their Total Audited Earnings Decline By $18.3 Bil From 2013 to 2014, By a Massive $105.2 Bil From 2014 to 2015, and then Recovered in 2016 Only $10.3 Bil, or Only 8% of the Two Year Total Earnings Deterioration in 2014 and 2015 of $123.5 Bil ..................................................................................... When There is Such a Horrific Collapse of Total Earnings in the Two Most Recent Years, the Texas Economy is in Serious Trouble and Needs Some Help ..................................................................................... US Capitalism Doesn't Work Properly When One of the Largest US States Has Such a Monstrous Collapse of Its Companies Earnings, Particularly With Its Spillover Effects Like to the Financial Industry Making Loans To and Investments In the Oil & Gas Industry ..................................................................................... In 2007, New York and Texas Both Had More Total Earnings Than Any Country in the World Except For the USA, With Texas Companies Largest Companies Total 2007 Earnings Being $129.4 Bil, Just Short of New York Companies $132.6 Bil and Way Ahead of California's $83.1 Bil ..................................................................................... A Year Later in the 2008 Financial Meltdown Year, New York Largest Companies Generated Total Audited Losses of $127.0 Bil, Down $259.6 Bil From Their 2007 Total Earnings of $132.6 Bil, Texas Largest Companies Generated Total Earnings Of $70.8 Bil in 2008 and California Largest Companies Posted Total Earnings of $61.3 Bil in 2008 ..................................................................................... By 2012, Texas Companies Total Companies Earnings Were $138.8 Bil and in 2013 Its Companies Total Earnings Were $135.4 Bil, Both Years Putting Texas in 4th place Behind Only New York, California and Japan ..................................................................................... Fast Forward to 2015 and 2016, Where There are Now Many Additional US States and Also Many Additional Countries With Total Earnings Substantially Above That in Texas, Which With the Oil Price Collapse, Had Only $11.9 Bil of Total Earnings in 2015 and Only $22.2 Bil in 2016, and California Companies Total Earnings Were $214.6 Bil in 2015 and $224.3 Bil in 2016 ..................................................................................... Thus During the Eight Years of the Obama Presidency, California Largest Companies Increased Their Total Earnings By $163 Bil From $61.3 Bil in 2008 to $224.3 Bil in 2016, New York Largest Companies Increased Their Total Earnings By an Even Much Higher $300.4 Bil From Total Losses of $127.0 in 2008 to Total Earnings of $173.4 Bil in 2016, While Texas Largest Companies Saw a Decrease in Their Total Earnings By $48.6 Bil From $70.8 Bil in 2008 to Only $22.2 Bil in 2016 ..................................................................................... With This Dramatic Change in US State Economic Status During the Obama Administration, It's Only Logical Why Obama's Approval Ratings At the End of His Presidency Were So Incredibly High in Both California and New York and Also So Incredibly Low in Texas and Oklahoma

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the huge number of 215 Companies headquartered in the US State of Texas with Stock Market Capitalizations either very late in 2016 or very early in 2017 of more than $1 Bil and which also have filed their fiscal year 2016 annual financial statements with the SEC. Traditional Highly Regulated Utilities Companies were excluded.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 215 Texas Companies for all of the fiscal years from 2007 through 2016 where the earnings numbers were reported and also where they were prepared in a fairly consistent manner with those in the most recent years:

				2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
			Most	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited	Audited
			Recent	Net	Net	Net	Net	Net	Net	Net	Net	Net	Net
Texas Companies	City	State	2016	Income	Income	Income	Income	Income	Income	Income	Income	Income	Income
Market Caps Above $1 Bil	HQs	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
				$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils	$ mils

AT&T	Dallas	TX	Dec16	13,333	13,687	6,736	18,722	7,574	4,359	19,400	12,447	(2,364)	17,228
Exxon Mobil	Irving	TX	Dec16	8,375	16,551	33,615	33,448	47,681	42,206	31,398	19,658	46,867	41,615
LyondellBasell	Houston	TX	Dec16	3,847	4,479	4,172	3,860	2,858	2,140	1,380	(2,871)	(7,343)	661
Texas Instruments	Dallas	TX	Dec16	3,595	2,986	2,821	2,162	1,759	2,236	3,228	1,470	1,920	2,641
American Airlines Group	Fort Worth	TX	Dec16	2,676	7,610	2,882	821	332	(1,861)	(471)	(1,468)	(2,118)	456
Enterprise Products Partners LP	Houston	TX	Dec16	2,553	2,558	2,834	2,607	2,428	2,088	1,384	1,140	1,145	838
Valero Energy	San Antonio	TX	Dec16	2,417	4,101	3,775	2,722	3,114	2,336	1,178	(273)	(1,154)	4,230
Southwest Airlines	Dallas	TX	Dec16	2,244	2,181	1,136	754	421	178	459	99	178	645
Kimberly-Clark	Dallas	TX	Dec16	2,219	1,066	1,545	2,018	1,627	1,684	1,943	1,994	1,829	1,951
Phillips 66	Houston	TX	Dec16	1,644	4,280	4,091	3,682	4,083	4,737	710	460	2,665
Spectra Energy Partners LP	Houston	TX	Dec16	1,239	1,265	1,027	1,086	595	585	522	475	101	203
Waste Management	Houston	TX	Dec16	1,180	752	1,338	130	860	1,009	1,002	1,060	1,128	1,209
Spectra Energy	Houston	TX	Dec16	1,020	460	1,283	1,159	1,045	1,257	1,123	919	1,195	1,002
Sysco	Houston	TX	Jun16	950	687	932	992	1,122	1,152	1,180	1,056	1,106	1,001
Celanese	Irving	TX	Dec16	908	287	627	1,101	376	426	361	494	370	327
Ensco plc	Houston	TX	Dec16	889	(1,457)	(2,689)	1,430	1,076	568	401	749	1,053	864
D.R. Horton	Fort Worth	TX	Sep16	886	751	534	463	956	72	245	(550)	(2,634)	(713)
Tesoro Corp	San Antonio	TX	Dec16	850	1,694	917	434	903	593	(1)	(140)	278	566
Dr Pepper Snapple Group	Plano	TX	Dec16	847	764	703	624	629	606	528	555	(312)	497
Transocean Ltd	Houston	TX	Dec16	827	895	(1,880)	1,428	765	(5,801)	1,863	2,426	2,736	3,093
Santander Consumer USA Hldgs	Dallas	TX	Dec16	766	824	725	721	841	809	438	210	174
Plains All America Pipeline LP	Houston	TX	Dec16	730	906	1,386	1,391	1,127	994	514	580	437	365
Kinder Morgan Inc	Houston	TX	Dec16	721	208	2,443	2,696	1,204	449	64	523	(2,860)	145
Plains GP Holdings LP	Houston	TX	Dec16	660	809	1,328	1,374	1,118	987	501	568	428
Energy Transfer Partners LP	Dallas	TX	Dec16	624	1,521	1,235	713	1,754	740	623	792	866	939
Western Gas Partners LP	Woodlands	TX	Dec16	602	14	457	288	171	188	157	126	152	84
Buckeye Partners LP	Houston	TX	Dec16	549	438	334	352	236	115	201	142	181	161
Torchmark Corp	McKinney	TX	Dec16	540	516	528	507	509	483	504	386	430	489
Alliance Data Systems	Plano	TX	Dec16	518	605	516	496	422	315	196	177	233	214
Yum China Holdings	Plano	TX	Dec16	514	328	(37)	99	673
Whole Foods Market	Austin	TX	Sep16	507	536	579	551	466	343	246	147	115	183
Comerica	Dallas	TX	Dec16	477	521	593	541	521	393	260	16	212	682
Camden Property Trust	Houston	TX	Dec16	455	239	283	156	161	24	8	(66)	(7)	53
Westlake Chemical	Houston	TX	Dec16	420	665	685	610	386	259	221	53	(30)	115
Phillips 66 Partners LP	Houston	TX	Dec16	408	306	245	174	122
Michaels Companies	Irving	TX	Jan17	378	363	217	243	200	158	103	103	(7)
Trinity Industries Inc	Dallas	TX	Dec16	365	826	709	386	252	147	69	(138)	282	290
Huntsman Corp	Woodlands	TX	Dec16	361	130	353	154	378	251	(9)	125	512	61
Crown Castle Intl	Houston	TX	Dec16	357	525	346	60	125	145	(311)	(114)	(49)	(223)
GameStop	Grapevine	TX	Jan17	353	403	393	354	(270)	339	407	376	398	288
Atmos Energy Corp	Dallas	TX	Sep16	350	315	290	231	192	190	190	183	173	161
Fluor Corp	Irving	TX	Dec16	327	481	852	823	571	698	441	733	749	547
Rowan Companies PLC	Houston	TX	Dec16	321	93	(119)	253	203	136	268	328	406	391
Tesoro Logistics LP	San Antonio	TX	Dec16	315	249	56	18	48	11	(40)	(31)	(27)	(12)
Cullen/Frost Bankers	San Antonio	TX	Dec16	304	279	278	238	238	218	209	179	207	212
CST Brands	San Antonio	TX	Dec16	304	139	180	139	208	218	196	152	225	139
Boardwalk Pipeline Partners LP	Houston	TX	Dec16	302	222	147	250	306	217	289	163	294	228
Lennox Intl	Richardson	TX	Dec16	279	187	208	180	135	112	126	62	124	166
Prosperity Bancshares	Houston	TX	Dec16	274	287	297	221	168	142	128	112	85	84
Copart Inc	Dallas	TX	Jul16	270	220	179	180	182	166	152	140	157	136
Atwood Oceanics Inc	Houston	TX	Sep16	265	433	341	350	272	272	257	251	215	139
Shell Midstream Partners LP	Houston	TX	Dec16	265	273	149	71	84
Cirrus Logic Inc	Austin	TX	Mar17	261	124	55	108	137	88	204	38	3	(6)
Cinemark Holdings	Plano	TX	Dec16	257	219	194	151	171	133	150	101	(44)	90
Waste Connections	Woodlands	TX	Dec16	247	(95)	233	196	160	166	136	111	115	111
TC Pipelines LP	Houston	TX	Dec16	244	20	204	191	229	250	200	106	123	95
Sabre Corp	Southlake	TX	Dec16	241	235	111	52	(215)	113	82
Sally Beauty Holdings	Denton	TX	Sep16	223	235	246	261	233	214	144	99	78	44
Howard Hughes Corp	Dallas	TX	Dec16	202	127	(24)	(74)	(128)	148	(69)	(703)	(18)	(4)
Brinker Intl	Dallas	TX	Jun16	201	197	154	163	151	141	104	72	46	211
Quanta Services	Houston	TX	Dec16	200	131	288	391	276	103	145	156	158	122
Eagle Materials Inc	Dallas	TX	Mar17	198	153	187	124	58	19	15	29	42	98
Valero Energy Partners LP	San Antonio	TX	Dec16	189	71	(33)	(25)	(37)	(25)
Western Refining Inc	El Paso	TX	Dec16	187	614	710	300	399	133	(17)	(351)	64	239
American National Insurance	Galveston	TX	Dec16	183	242	247	270	193	190	144	15	(173)	245
Tenet Healthcare Corp	Dallas	TX	Dec16	181	76	98	(93)	209	103	1,135	228	79	(35)
Service Corporation Intl	Houston	TX	Dec16	177	235	177	152	155	146	127	123	98	243
Weingarten Realty Investors	Houston	TX	Dec16	176	122	116	133	57	(14)	5	85	64	125
Match Group	Dallas	TX	Dec16	172	120	148	127	90
Clear Channel Outdoor Hldgs	San Antonio	TX	Dec16	164	(71)	17	(24)	(159)	63	(76)	(873)	(2,851)	265
Holly Energy Partners LP	Dallas	TX	Dec16	158	146	112	85	90	73	56	46	21	35
Six Flags Entertainment	Grand Prairie	TX	Dec16	157	193	113	156	396	12	(195)	(58)	(58)	(189)
Texas Capital Bancshares	Dallas	TX	Dec16	155	145	136	121	121	76	37	24	24	29
Columbia Pipeline Group Inc	Houston	TX	Dec16	154	308	269	272	226	201	210	194
NuStar Energy LP	San Antonio	TX	Dec16	150	306	214	(186)	(166)	219	244	225	254	150
Flowserve Corp	Irving	TX	Dec16	148	273	525	488	451	429	389	428	445	258
Hilltop Holdings	Dallas	TX	Dec16	148	213	113	127	(5)	(7)	(1)	(2)	(23)	15
Argo Group Intl Holdings Ltd	San Antonio	TX	Dec16	147	163	183	143	52	(82)	87	118	63	144
Group 1 Automotive	Houston	TX	Dec16	147	94	93	114	100	82	50	35	(46)	65
Builders FirstSource Inc	Dallas	TX	Dec16	144	(23)	18	(42)	(54)	(65)	(94)	(57)	(121)	(3)
Kirby Corp	Houston	TX	Dec16	143	228	285	256	213	185	117	128	158	124
Helen of Troy Ltd	El Paso	TX	Feb17	141	101	131	86	116	110	93	72	(57)	62
Main Street Capital Corp	Houston	TX	Dec16	139	104	101	97	104	64	40	12	11	3
TPG Specialty Lending Inc	Fort Worth	TX	Dec16	137	64	85	67	40	1
International Bancshares	Laredo	TX	Dec16	134	137	153	126	108	127	130	143	132	121
Dean Foods Co	Dallas	TX	Dec16	121	(8)	(20)	325	24	(1,728)	(20)	145	169	127
Genesis Energy LP	Houston	TX	Dec16	111	422	106	84	97	51	(50)	6	26	(14)
Calpine	Houston	TX	Dec16	111	249	961	18	199	(189)	(162)	110	(27)	2,693
Tyler Technologies	Plano	TX	Dec16	110	65	59	39	33	28	25	27	15	18
Summit Hotel Properties Inc	Austin	TX	Dec16	108	125	20	7	(7)	(9)	(20)	(18)	4	4
Darling Ingredients Inc	Irving	TX	Dec16	107	85	68	109	131	169	44	42	55	46
First Financial Bankshares	Abilene	TX	Dec16	105	100	90	79	74	68	60	54	53	49
Kraton Corp	Houston	TX	Dec16	105	(13)	1	(1)	(16)	91	97	(0)	28	(44)
American Campus Communities	Austin	TX	Dec16	101	118	61	47	48	34	18	0	(9)	(1)
National Western Life Group	Austin	TX	Dec16	100	98	106	96	93	56
LegacyTexas Financial Group	Plano	TX	Dec16	98	71	31	32	35	26	18	3	(3)	5
Dril-Quip	Houston	TX	Dec16	93	192	209	170	119	95	102	105	106	108
Nexstar Broadcasting Group	Irving	TX	Dec16	93	76	65	(2)	177	(12)	(2)	(13)	(78)	(20)
Dave & Busters Entertainment	Dallas	TX	Jan17	91	60	8	2	9	(7)	(7)	(0)	2	(9)
Cardtronics PLC	Houston	TX	Dec16	88	66	35	21	43	70	41	6	(72)	(28)
Fossil Group Inc	Richardson	TX	Dec16	86	230	387	388	354	307	265	144	142	128
Noble Midstream Partners LP	Houston	TX	Dec16	85	38	(15)
Capstead Mortgage Corp	Dallas	TX	Dec16	83	108	141	126	164	160	127	129	126	25
National Instruments Corp	Austin	TX	Dec16	83	95	126	81	90	94	109	17	85	107
HFF Inc	Dallas	TX	Dec16	77	84	61	51	44	42	17	2	5	44
Commercial Metals Company	Irving	TX	Aug16	73	99	118	71	186	19	(99)	1	232	368
Stewart Information Services	Houston	TX	Dec16	68	4	38	73	119	9	(5)	(42)	(242)	(28)
Insperity Inc	Kingwood	TX	Dec16	66	39	28	32	40	30	22	17	46	47
Comfort Systems USA Inc	Houston	TX	Dec16	65	57	29	29	11	(32)	21	35	50	32
Core Laboratories NV	Houston	TX	Dec16	64	115	259	243	217	185	145	114	132	111
Benchmark Electronics Inc	Angleton	TX	Dec16	64	95	81	111	57	52	80	53	(136)	92
AZZ Inc	Fort Worth	TX	Feb17	61	77	65	60	60	41	35	38	42	28
Silicon Laboratories	Austin	TX	Dec16	61	30	38	50	64	35	73	73	33	40
Firstcash	Arlington	TX	Dec16	60	61	85	84	81	70	51	38	34	26
NuStar GP Holdings LLC	San Antonio	TX	Dec16	55	72	61	(11)	2	70	72	68	66	43
Independent Bank Group	McKinney	TX	Dec16	54	39	29	20	17	14	13	8
NCI Building Systems Inc	Houston	TX	Oct16	51	18	11	(13)	5	(10)	(27)	(751)	73	59
Southside Bancshares Inc	Tyler	TX	Dec16	49	44	21	41	35	39	39	44	31	17
FMC Technologies	Houston	TX	Dec16	47	395	705	507	435	404	378	363	354	262
Western Refining Logistics LP	El Paso	TX	Dec16	43	33	33	(47)	(50)	(35)
Kronos Worldwide Inc	Dallas	TX	Dec16	43	(174)	99	(102)	219	321	131	(35)	9	(67)
Energy Transfer Equity LP	Dallas	TX	Dec16	41	1,093	1,060	282	1,383	531	345	692	675	552
Rush Enterprises Inc	New Braunfels	TX	Dec16	41	66	80	49	62	55	25	5	25	46
HMS Holdings Corp	Irving	TX	Dec16	38	25	14	40	51	48	40	30	21	15
Texas Pacific Land Trust	Dallas	TX	Dec16	37	50	35	27	20	21	11	7	11	8
McDermott Intl	Houston	TX	Dec16	36	(9)	(65)	(490)	202	228	262	206	61	385
CIM Commercial Trust Corp	Dallas	TX	Dec16	31	6	13	15	20	6	6	6	9	12
Primoris Services Corp	Dallas	TX	Dec16	28	37	64	75	59	59	34	30	37	29
Oceaneering Intl	Houston	TX	Dec16	25	231	428	372	289	236	201	188	199	180
Tailored Brands	Houston	TX	Jan17	25	(1,027)	(0)	84	132	120	68	46	59	147
Black Stone Minerals LP	Houston	TX	Dec16	20	(101)	169	169	152
CyrusOne Inc	Carrollton	TX	Dec16	20	(20)	(15)	(36)	(20)	2	4	6	4	2
Diodes Inc	Plano	TX	Dec16	18	27	66	24	26	54	80	10	31	56
RealPage Inc	Richardson	TX	Dec16	17	(9)	(10)	21	5	(1)	0	28	(3)	(3)
Nationstar Mortgage Holdings	Coppell	TX	Dec16	16	43	221	217	205	21	(10)	(81)	(158)	(284)
CVR Refining LP	Sugar Land	TX	Dec16	15	291	359	590	595	480	38	65	110	(176)
USA Compression Partners LP	Austin	TX	Dec16	13	(154)	25	11	5	0	10	21	21	7
US Concrete Inc	Euless	TX	Dec16	10	(5)	22	(18)	(24)	(8)	43	(95)	(136)	(65)
CVR Energy Inc	Sugar Land	TX	Dec16	9	298	309	522	413	379	14	69	164	(68)
Monogram Residential Trust	Plano	TX	Dec16	8	67	0	(18)	(41)	95	(33)	(8)	3	(0)
Integer Holdings	Frisco	TX	Jan17	6	(8)	55	36	(5)	33	33	(9)	14	12
ClubCorp Holdings	Dallas	TX	Dec16	4	(10)	13	(41)	(16)	(35)	261
FelCor Lodging Trust Inc	Irving	TX	Dec16	1	(24)	28	(84)	(187)	(134)	(100)	(96)	(44)	50
J C Penney Company	Plano	TX	Jan17	1	(513)	(717)	(1,278)	(795)	(274)	378	249	567	1,105
La Quinta Holdings	Irving	TX	Dec16	(1)	27	(333)	5	17	59	78	30	20
Valhi Inc	Dallas	TX	Dec16	(3)	(171)	80	(127)	222	295	64	(38)	5	(49)
Tellurian	Houston	TX	Dec16	(3)	(22)
Archrock Partners LP	Houston	TX	Dec16	(11)	(84)	62	64	11	6	(23)	15	30	19
Viper Energy Partners LP	Midland	TX	Dec16	(11)	24	30	3
Forterra	Irving	TX	Dec16	(11)	(76)	9	(245)	(37)	(29)
Team Inc	Sugar Land	TX	May16	(13)	40	30	32	33	27	12	23	24	16
RSP Permian	Dallas	TX	Dec16	(25)	(18)	2	63	36	131
EP Energy Corp	Houston	TX	Dec16	(27)	(3,748)	727	(56)	(119)	385	451	(823)	(1,263)
Q2 Holdings	Austin	TX	Dec16	(36)	(25)	(20)	(18)	(8)	(2)
Summit Midstream Partners LP	Woodlands	TX	Dec16	(38)	(222)	(47)	47	43	38	8	(7)
Enbridge Energy Partners LP	Houston	TX	Dec16	(41)	454	740	160	550	677	(138)	393	395	218
Oil States Intl Inc	Houston	TX	Dec16	(46)	28	127	129	141	104	45	60	219	200
WildHorse Resource Development	Houston	TX	Dec16	(47)	(33)	(14)
KBR Inc	Houston	TX	Dec16	(51)	226	(1,198)	171	202	540	395	364	356	204
Invitation Homes	Dallas	TX	Dec16	(78)	(160)	(270)
Helix Energy Solutions Group	Houston	TX	Dec16	(81)	(377)	196	112	(67)	38	(17)	166	(580)	344
HI-Crush Partners LP	Houston	TX	Dec16	(81)	28	124	60	42	9	(0)
Forum Energy Technologies	Houston	TX	Dec16	(82)	(119)	174	130	152	94	24	21	35	45
MRC Global Inc	Houston	TX	Dec16	(83)	(331)	144	152	118	29	52	(340)	254	57
Parsley Energy Inc	Austin	TX	Dec16	(89)	(73)	57	28	13	12
Matador Resources	Dallas	TX	Dec16	(97)	(680)	111	45	(33)	(10)	6	(14)	104	(0)
Enbridge Energy Mgt LLC	Houston	TX	Dec16	(120)	(512)	27	(18)	32	46	(24)	22	24	31
Basic Energy Services Inc	Fort Worth	TX	Dec16	(123)	(242)	(8)	(36)	20	47	(44)	(254)	68	88
Lexicon Pharmaceuticals	Woodlands	TX	Dec16	(141)	(5)	(100)	(104)	(110)	(116)	(102)	(93)	(97)	(71)
Franks Intl NV	Houston	TX	Dec16	(156)	106	229	308	344	163	112	73	173
Targa Resources Corp	Houston	TX	Dec16	(159)	(151)	423	201	159	215	63	79	134	104
Diamondback Energy Inc	Midland	TX	Dec16	(165)	(548)	196	55	(37)	(0)	8	(3)	(94)	(4)
Cheniere Energy Partners LP	Houston	TX	Dec16	(171)	(319)	(410)	(258)	(175)	(31)	108	187	(78)	(49)
HollyFrontier	Dallas	TX	Dec16	(191)	803	326	768	1,760	1,060	133	36	124	334
Crestwood Equity Partners LP	Houston	TX	Dec16	(192)	(2,304)	(10)	(51)	24	42	30	35	38
Exterran Corp	Houston	TX	Dec16	(194)	(28)	48	65	59
Targa Resources Partners LP	Houston	TX	Dec16	(229)	(59)	505	259	203	246	134	7	235	33
NOW Inc	Houston	TX	Dec16	(234)	(502)	116	147	108	85	50	29
Chicago Bridge & Iron NV	Woodlands	TX	Dec16	(240)	(430)	636	513	317	255	212	180	(15)	172
Oasis Petroleum Inc	Houston	TX	Dec16	(243)	(40)	507	228	153	79	(30)	(15)	(34)	(14)
Sanchez Energy Corp	Houston	TX	Dec16	(257)	(1,455)	(22)	27	(16)	2	(3)	0	(1)
Kosmos Energy Ltd	Dallas	TX	Dec16	(284)	(70)	279	(91)	(67)	22	(246)	(80)	(49)	(61)
Clayton Williams Energy Inc	Midland	TX	Dec16	(292)	(98)	44	(25)	35	94	37	(116)	141	10
Patterson-UTI Energy	Snyder	TX	Dec16	(319)	(294)	163	188	299	323	118	(34)	354	434
Diamond Offshore Drilling	Houston	TX	Dec16	(373)	(274)	387	549	720	963	955	1,376	1,311	844
Sunoco LP	Dallas	TX	Dec16	(406)	194	(30)	37	18	11	9	9	12	10
Cabot Oil & Gas	Houston	TX	Dec16	(417)	(114)	104	280	132	122	103	148	211	167
Range Resources Corp	Fort Worth	TX	Dec16	(521)	(714)	634	116	13	43	89	39	329	134
Pioneer Natural Resources	Irving	TX	Dec16	(556)	(266)	1,041	(361)	544	380	514	(142)	145	162
EnLink Midstream Partners LP	Dallas	TX	Dec16	(573)	(1,378)	309	119	82	199	149	(77)	(64)	(17)
Cheniere Energy	Houston	TX	Dec16	(665)	(1,097)	(692)	(559)	(346)	(203)	(78)	(161)	(373)	(197)
Carrizo Oil & Gas	Houston	TX	Dec16	(675)	(1,158)	222	22	51	33	12	(205)	(45)	15
Superior Energy Services	Houston	TX	Dec16	(833)	(1,808)	281	45	384	159	72	(121)	336	272
Noble Corp PLC	Sugar Land	TX	Dec16	(858)	583	(77)	546	448	364	773	1,679	1,561	1,206
EnLink Midstream LLC	Dallas	TX	Dec16	(888)	(1,410)	250	119	82	199	149	114
C&J Energy Services	Houston	TX	Dec16	(944)	(873)	69	66	182	162	32	(2)	1	(1)
Denbury Resources Inc	Plano	TX	Dec16	(976)	(4,385)	635	410	525	573	286	(75)	388	253
Noble Energy	Houston	TX	Dec16	(998)	(2,441)	1,214	907	965	412	631	(131)	1,350	944
Occidental Petroleum	Houston	TX	Dec16	(1,002)	(8,146)	(130)	4,932	3,829	5,527	3,851	3,151	7,183	5,072
Nabors Industries Ltd	Houston	TX	Dec16	(1,011)	(329)	(669)	158	233	347	274	133	519	801
EOG Resources	Houston	TX	Dec16	(1,097)	(4,525)	2,915	2,197	570	1,091	161	547	2,437	1,090
Newfield Exploration Co	Woodlands	TX	Dec16	(1,230)	(3,362)	650	73	(922)	427	429	(542)	(373)	172
Apache	Houston	TX	Dec16	(1,240)	(11,159)	(6,312)	6	484	2,076	3,032	(285)	712	2,812
Dynegy	Houston	TX	Dec16	(1,244)	47	(267)	(359)	17	(431)	(259)	(920)	203	105
Concho Resources	Midland	TX	Dec16	(1,462)	66	538	239	408	420	147	(13)	271	20
Schlumberger Ltd	Houston	TX	Dec16	(1,627)	2,135	5,711	6,843	5,259	4,730	4,253	3,164	5,422	5,177
Marathon Oil Corp	Houston	TX	Dec16	(2,140)	(2,204)	969	931	856	467	325	756	2,192	1,699
National Oilwell Varco	Houston	TX	Dec16	(2,416)	(767)	2,455	2,181	2,375	1,985	1,659	1,473	1,968	1,353
Southwestern Energy Company	Spring	TX	Dec16	(2,643)	(4,556)	924	704	(707)	638	604	(36)	569	222
Baker Hughes	Houston	TX	Dec16	(2,736)	(1,974)	1,731	1,103	1,317	1,743	819	421	1,635	1,514
Andarko Petroleum	Woodlands	TX	Dec16	(2,808)	(6,812)	(1,563)	941	2,445	(2,568)	821	(103)	3,220	3,767
Weatherford Intl plc	Houston	TX	Dec16	(3,392)	(1,985)	(584)	(345)	(778)	189	(217)	87	1,167	927
ConocoPhillips	Houston	TX	Dec16	(3,559)	(4,371)	5,807	8,037	7,481	7,188	10,305	3,737	(19,483)
Dell Technologies	Round Rock	TX	Jan17	(3,737)	(1,168)	(1,108)	(1,705)	2,372	3,492	2,635	1,433	2,478	2,947
Halliburton	Houston	TX	Dec16	(5,767)	(662)	3,437	2,116	2,587	3,010	1,802	1,164	2,638	2,540

Total all 215				22,166	11,911	117,119	135,444	138,768	114,641	116,984	65,195	70,771	129,357

Average Annual Total Earnings:
….. 2016 and 2015				17,039
….. 2010 to 2014				124,591
………. Decline $mils				107,553
………. % Decline				86%

….. 2016 and 2015				17,039
….. 2007				129,357
………. Decline $mils				112,318
………. % Decline				87%

Either of the Castro twins would make excellent candidates in the 2020 US Presidential election. I hope they both run.