Friday, March 30, 2018

101 Largest US Oil & Gas Corporation Total On-Their-Own Earnings Down the Tubes in the Dec 2017 Quarter ........................................................................................ Their Dec 2017 Quarter US GAAP Total Earnings of $30.874 Bil Included a Total Income Tax Benefit of $34.925 Directly Due to the US Federal Income Tax Existing Debt Forgiveness Resulting From the Dec 22, 2017 Signing of the US Trump Tax Cuts Act Into Law ........................................................................................ Thus Excluding This Debt Forgiveness, These 101 Largest US Oil & Gas Corporations Posted Total Losses of $4.051 Bil in the Dec 2017 Quarter ........................................................................................ US Oil & Gas Corps, For the Most Part, Don't Have Much in the Way of Dec 2017 Quarter Foreign Earnings Repatriation Toll Tax Expense

From SEC filings, below here is Net Income (Loss) From Continuing Operations for the 4Q 2017 and the 4Q 2016 as well as the Trump Tax Cuts Act (TTCA) 4Q 2017 US Federal Income Tax Debt Forgiveness for the 101 largest US Oil & Gas Corps with Stock Market Caps of at least $1 Bil.
Corp
Quarter
End
When    TTCA
Trump US GAAP US GAAP US
Tax Net Net Federal 
Cuts Income Income Income
Act (Loss) (Loss) Tax
US Oil & Gas Corps State TTCA Dec 17 Dec 16 Better Debt
Stock Market Cap $1 Bil+ City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness
mils $ mils $ mils $ mils $
Exxon Mobil Irving TX Dec 17            8,409            2,024       6,385            5,942
Phillips 66 Houston TX Dec 17            3,255               194       3,061            2,870
Chevron San Ramon CA Dec 17            3,118               438       2,680            2,020
EOG Resources' Houston TX Dec 17            2,430             (142)       2,572            2,167
Valero Energy San Antonio TX Dec 17            2,400               416       1,984            2,600
Marathon Petroleum Findlay OH Dec 17            2,125               289       1,836            1,500
Williams Companies Tulsa OK Dec 17            1,622                 37       1,585            1,900
ConocoPhillips Houston TX Dec 17            1,598               (19)       1,617               908
EQT Pittsburgh PA Dec 17            1,379             (109)       1,488            1,200
CenterPoint Energy Houston TX Dec 17            1,296               101 1195            1,113
Anadarko Petroleum The Woodlands TX Dec 17            1,039             (452)       1,491            1,200
Andeavor San Antonio TX Dec 17               908               101          807               918
Continental Resources Oklahoma City OK Dec 17               842                 28          814               714
Pioneer Natural Resources Irving TX Dec 17               665               (44)          709               625
HollyFrontier Dallas TX Dec 17               557                 70          487               315
Antero Resources Corp Denver CO Dec 17               530             (453)          983               428
Apache Houston TX Dec 17               518             (143)          661               306
Noble Energy Houston TX Dec 17               516             (240)          756               500
Helmerich & Payne Tulsa OK Dec 17               501               (35)          536               500
Occidental Petroleum Houston TX Dec 17               497             (268)          765               576
UGI Corp King of Prussia PA Dec 17               434               291          143               166
Laredo Petroleum Tulsa OK Dec 17               409               (18)          427                 -  
Macquarie Infrastructure New York NY Dec 17               349                 73          276               312
Chesapeake Energy Oklahoma City OK Dec 17               334             (341)          675                 -  
Southwestern Energy Spring TX Dec 17               334             (210)          544                 68
Devon Energy Oklahoma City OK Dec 17               304               196          108               103
Targa Resources Houston TX Dec 17               299             (141)          440               270
CNX Resources Canonsburg PA Dec 17               282             (300)          582               269
Cheniere Energy Houston TX Dec 17               280               150          130
Concho Resources Midland TX Dec 17               267             (125)          392               398
Energen Birmingham AL Dec 17               262               (54)          316               248
PBF Energy Parsippany NJ Dec 17               260                 72          188                 -  
Enlink Midstream LLC Dallas TX Dec 17               260               (29)          289               211
Kirby Corp Houston TX Dec 17               231                 33          198               269
Delek US Holdings Brentwood TN Dec 17               227               (32)          259               167
Range Resources Corp Fort Worth TX Dec 17               221             (161)          382               334
National Fuel Gas Co Williamsville NY Dec 17               199                 89          110               111
Patterson-UTI Energy Houston TX Dec 17               195               (78)          273               219
Casey's General Stores Ankeny IA Jan 18               193                 23          170               167
Cimarex Energy Denver CO Dec 17               175                 48 127                 61
Oceaneering Intl Houston TX Dec 17               174               (11)          185               189
CVR Energy Sugar Land TX Dec 17               173                 (6)          179               201
Gulfport Energy Oklahoma City OK Dec 17               157             (240)          397                 -  
QEP Resources Denver CO Dec 17               150             (133)          283               318
RSP Permian Dallas TX Dec 17               141                   1          140               144
Diamondback Energy Midland TX Dec 17               130                 28          102                 68
Oasis Petroleum Houston TX Dec 17               128               (55)          183               172
Denbury Resources Plano TX Dec 17               127             (386)          513               132
Murphy USA El Dorado AR Dec 17               125                 44            81                 89
New Jersey Resources Wall NJ Dec 17               124                 35            89                 58
Rowan Cos plc Houston TX Dec 17               112               (24)          136                 -  
Newfield Exploration Woodlands TX Dec 17                 95                 13            82                 -  
H&E Equipment Services Baton Rouge LA Dec 17                 86                 17            69                 67
PDC Energy Denver CO Dec 17                 78               (56)          134               114
Mammoth Energy Services Oklahoma City OK Dec 17                 66               (58)          124                 31
ONEOK Inc Tulsa OK Dec 17                 65               195        (130)
RPC Inc Atlanta GA Dec 17                 58               (21)            79                 19
C&J Energy Services Houston TX Dec 17                 57             (118)          175                   2
SRC Energy Denver CO Dec 17                 51                   5            46                 -  
Parsley Energy Austin TX Dec 17                 45               (34) 79                 -  
Matador Resources Dallas TX Dec 17                 38               104          (66)
Centennial Resource Development Denver CO Dec 17                 31             (192)          223                   4
Chesapeake Utilities Dover DE Dec 17                 26                 12            14                 14
Callon Petroleum Natchez MS Dec 17                 23                 (2)            25                 -  
Core Laboratories NV Houston TX Dec 17                 22                 15              7                 -  
Superior Energy Services Houston TX Dec 17                 22             (166)          188                 77
Texas Pacific Land Trust Dallas TX Dec 17                 18                 11              7                 -  
WildHorse Development Houston TX Dec 17                 14               (18)            32                 43
Jagged Peak Energy Denver CO Dec 17                 13                 (2)            15                 37
ProPetro Holding Midland TX Dec 17                 10               (17)            27                   3
South Jersey Industries Folsom NJ Dec 17                   4                 46          (42)                 14
SemGroup Tulsa OK Dec 17                   3                 12            (9)                 -  
Unit Corp Tulsa OK Dec 17                   2                 89          (87)                 81
National Oilwell Varco Houston TX Dec 17               (15)             (717)          702               242
Select Energy Services Houston TX Dec 17               (15)               (25)            10                 -  
Carrizo Oil & Gas Houston TX Dec 17               (17)                 (1)          (16)                 -  
SM Energy Denver CO Dec 17               (26)             (201)          175                 64
Marathon Oil Houston TX Dec 17               (28)          (1,383)       1,355                 -  
WPX Energy Tulsa OK Dec 17               (31)             (171)          140                 97
Extraction Oil & Gas Denver CO Dec 17               (31)             (246)          215                 23
Diamond Offshore Drilling Houston TX Dec 17               (32)               116        (148)                 74
Tellurian Houston TX Dec 17               (34)               (29)            (5)                 -  
Oil States Intl Houston TX Dec 17               (38)               (11)          (27)                 13
Cabot Oil & Gas Houston TX Dec 17               (44)             (293)          249               243
Forum Energy Technologies Houston TX Dec 17               (49)               (13)          (36)                 18
Dril-Quip Houston TX Dec 17               (71)                   1          (72)                 -  
BakerHughes Houston TX Dec 17               (82)               147        (229)               132
Transocean Ltd Houston TX Dec 17             (102)               257        (359)                 -  
Frank's Intl Houston TX Dec 17             (109)               (66)          (43)                 -  
Nabors Industries Ltd Houston TX Dec 17             (115)             (330)          215                 -  
Kosmos Energy Ltd Dallas TX Dec 17             (122)               (57)          (65)                 -  
TechnipFMC plc Houston TX Dec 17             (128)             (155)            27
World Fuel Services Miami FL Dec 17             (194)                   2        (196)
Ensco plc Houston TX Dec 17             (209)                 31        (240)                 39
Murphy Oil Corp El Dorado AR Dec 17             (285)               (63)        (222)                 -  
Whiting Petroleum Denver CO Dec 17             (798)             (173)        (625)                 42
Halliburton Houston TX Dec 17             (806)             (153)        (653)
Kinder Morgan Inc Houston TX Dec 17             (992)               215     (1,207)
Weatherford Intl plc Houston TX Dec 17          (1,934)             (544)     (1,390)                 52
Schlumberger Ltd Houston TX Dec 17          (2,272)             (194)     (2,078)               334
Hess New York NY Dec 17          (2,635)          (4,898)       2,263                 -  
            -  
Total all 111          30,874          (8,587)     39,461          34,925


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