Friday, July 27, 2018

All 15 Largest US Oil & Gas Companies Releasing Their June 2018 Earnings By July 27, 2018 Generated June 2018 Quarter Total Pretax Income (PTI) of $20.143 Bil, Up a Spectacularly Off-the-Charts 339% From Their Total PTI of $4.588 Bil in the June 2017 Quarter ........................................................................................ This 339% Total Pretax Income Growth in the June 2018 Quarter is an Unbelievably Massive Earnings Growth Acceleration From Their Already Very Strong Total PTI Growth of 39% in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................ As Goes US Oil & Gas Companies, So Goes Russia's Economy in Lockstep. This Is Why Russia Will Be Even More Aggressive With Their Cyber Attacks in the November 2018 US Elections ........................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations and the US GAAP After-Tax Net Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters for the 15 Largest US Oil & Gas Companies with June Quarter Ends, which have reported their June 2018 Quarter Earnings By July 27, 2018 and which have stock market caps above $10 Bil in April 2018.
US US US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Net Net Pretax Pretax Net Net
US Oil & Gas Company Income Income % Income Income % Income Income % Income Income %
Market Caps Above $10 Bil (Loss) (Loss) Change (Loss) (Loss) Change (Loss) (Loss) Change (Loss) (Loss) Change
Releasing June 2018  June Qtr June Qtr Better June Qtr June Qtr Better March Qtr March Qtr Better March Qtr March Qtr Better
 Qtr Earnings Thru 7-27-18 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse)
mils $ mils $ mils $ mils $ mils $ mils $ mils $ mils $
Exxon Mobil       6,512       4,156 57%       3,986       3,264 22%       7,240       5,918 22%       4,783       4,090 17%
Chevron       4,905       1,953 151%       3,422       1,466 133%       5,073       3,129 62%       3,659       2,699 36%
ConocoPhillips       2,619     (4,361) 160%       1,654     (3,426) 148%       1,776        (232) 866%          900          599 50%
Phillips 66       1,835          797 130%       1,404          581 142%          717          797 -10%          585          563 4%
Marathon Petroleum Corp       1,516          824 84%       1,235          574 115%          257          142 81%          235          101 133%
Valero Energy       1,124          768 46%          875          572 53%          731          433 69%          582          321 81%
Halliburton          633            (1) NM          508            28 1714%          189          (57) 432%            47          (32) 247%
Schlumberger Ltd          547            17 3118%          441          (81) 644%          643          334 93%          530          284 87%
MPLX LP          457          193 137%          456          191 139%          427          187 128%          423          187 126%
Cabot Oil & Gas            55            37 49%            42            22 91%          157          169 -7%          117          106 10%
EQT Corp            35          152 -77%          136          123 11%     (1,784)          351 -608%     (1,445)          250 -678%
National Oilwell Varco            30          (91) 133%            25          (74) 134%          (63)        (133) 53%          (66)        (120) 45%
Hess Corp            27        (425) 106%          (87)        (417) 79%              8        (309) 103%          (65)        (296) 78%
Baker Hughes GE            24          (30) 180%          (38)          (20) -90%        (105)            74 -242%          (19)            66 -129%
Kinder Morgan        (176)          599 -129%        (130)          383 -134%          706          691 2%          542          445 22%
Total all 15 Oil & Gas Cos     20,143       4,588 339%     13,929       3,186 337%     15,972     11,494 39%     10,808       9,263 17%