US Oil & Gas Companies Total 4Q 2017 Profits Were So Inconsequential ....................................................................................... The 28 US Oil & Gas Corporations With Stock Market Caps of More Than $10 Bil and Which Have Already Released Their Earnings For the Dec 2017 Quarter Generated Total Net Income From Continuing Operations of $23.297 Bil, With $22.029 Bil of It, or 95% of It, Just Due to the Upfront, One-Off Trump Tax Cuts Act's Initial Tax Benefits, Predominately Forgiveness of Existing US Federal Income Tax Debt, Which Was Funded Completely By US Taxpayers ....................................................................................... Excluding These Trump Tax Cuts Act's Upfront Initial Tax Benefits, These Oil & Gas Companies Generated On Their Own 4Q 2017 Total Net Income of a Meager $1.268 Bil, Only 6% of Apple's Same Basis 4Q 2017 Net Income of $22.665 Bil

Below here are the US GAAP After-Tax Earnings From Continuing Operations for the 28 US Oil & Gas Corporations with recent stock market caps of more than $10 Bil and which have already released their quarterly earnings covering the same quarter in which President Trump signed the Trump Tax Cuts Act.   Also included below are the 2 Corps which haven't released their quarterly earnings yet for this quarter.

									US GAAP
									Net
			Corp					Income	Income
			Quarter					Tax	(Loss)
			End					(Expense)	Without
			When	US GAAP	US GAAP			Benefit	Trump
			Trump	Net	Net			Due To	Tax Act
			Tax	Income	Income			Trump	Initial
			Cuts	(Loss)	(Loss)			Tax	Tax Cuts
		State	Act	Dec 17	Dec 16	Better		Cuts	Dec 17
US Oil & Gas Corporation	City Hqs	HQs	Signed	Quarter	Quarter	(Worse)		Act	Quarter
				mils $	mils $	mils $		mils $	mils $
				A				B	A-B
Exxon Mobil	Irving	TX	Dec 17	8,409	2,024	6,385		5,942	2,467
Chevron	San Ramon	CA	Dec 17	3,118	438	2,680		2,020	1,098
Schlumberger Ltd	Houston	TX	Dec 17	(2,272)	(194)	(2,078)		(76)	(2,196)
ConocoPhillips	Houston	TX	Dec 17	1,598	(19)	1,617		852	746
EOG Resources'	Houston	TX	Dec 17			-			-
Occidental Petroleum	Houston	TX	Dec 17	497	(268)	765		474	23
Phillips 66	Houston	TX	Dec 17	3,255	194	3,061		2,735	520
Halliburton	Houston	TX	Dec 17	(806)	(153)	(653)		(770)	(36)
Valero Energy	San Antonio	TX	Dec 17	2,400	416	1,984		1,862	538
Kinder Morgan Inc	Houston	TX	Dec 17	(992)	215	(1,207)		(1,240)	248
Marathon Petroleum	Findlay	OH	Dec 17	2,125	289	1,836		1,500	625
Anadarko Petroleum	The Woodlands	TX	Dec 17	1,039	(452)	1,491		1,170	(131)
Pioneer Natural Resources	Irving	TX	Dec 17	665	(44)	709		625	40
BakerHughes	Houston	TX	Dec 17	(82)	147	(229)		132	(214)
Williams Companies	Tulsa	OK	Dec 17	1,622	37	1,585		1,923	(301)
ONEOK Inc	Tulsa	OK	Dec 17			-			-
Concho Resources	Midland	TX	Dec 17	267	(125)	392		398	(131)
Continental Resources	Oklahoma City	OK	Dec 17	842	28	814		714	128
Devon Energy	Oklahoma City	OK	Dec 17	304	196	108		211	93
Andeavor	San Antonio	TX	Dec 17	908	101	807		918	(10)
Apache	Houston	TX	Dec 17	518	(143)	661		306	212
Hess	New York	NY	Dec 17	(2,635)	(4,898)	2,263		-	(2,635)
Marathon Oil	Houston	TX	Dec 17	(28)	(1,383)	1,355		35	(63)
Cheniere Energy	Houston	TX	Dec 17	280	150	130		-	280
National Oilwell Varco	Houston	TX	Dec 17	(15)	(717)	702		242	(257)
Noble Energy	Houston	TX	Dec 17	516	(240)	756		270	246
EQT	Pittsburgh	PA	Dec 17	1,379	(109)	1,488		1,205	174
Diamondback Energy	Midland	TX	Dec 17	130	28	102		68	62
Cabot Oil & Gas	Houston	TX	Dec 17	(44)	(293)	249		243	(287)
Targa Resources	Houston	TX	Dec 17	299	(141)	440		270	29
Total all 28 With Earnings Released				23,297	(4,916)	28,213		22,029	1,268