All 68 Largest US Oil & Gas Cos With Stock Market Caps Above $5 Bil Generated June 2018 Quarter Total Pretax Income (PTI) of $30.626 Bil, Up an Off-the-Charts 365% From Their Total PTI of $6.583 Bil in the June 2017 Quarter ........................................................................................
On the Other Hand, All 75 US Oil & Gas Cos With Stock Market Caps of $1 Bil to $5 Bil Generated June 2018 Quarter Total Pretax Loss of $1.155 Bil, a Decline of an Off-the-Charts 192% From Their Total PTI of $1.259 Bil in the June 2017 Quarter
.......................................................................................
This is the Very Undesirable Result You Get When the US Government's Focus is Nearly All On Big Oil & Gas (Both in the US and in Russia) With Very Little Consideration Given to US Small Oil & Gas and US Medium-Sized Oil & Gas
........................................................................................
But the Problem Here is Even Larger
........................................................................................
Of These 68 Largest US Oil & Gas Cos With Market Caps Above $5 Bil, the 44 HQed in Texas Generated June 2018 Quarter Total Pretax Income (PTI) of $21.440 Bil, Up an Even More Spectacularly Off-the-Charts 827% From Their Total PTI of $2.312 Bil in the June 2017 Quarter. This 827% Earnings Growth Was also a Spectacularly Off-the-Charts Earnings Growth Acceleration From Their Already Exceptional 72% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter
...........................................................................................................................
...........................................................................................................................
The Latter Result is What Happens When the US Government is Overloaded With Many Very Powerful Texans, Including One Who Was Formerly the Very Savvy CEO of the US Biggest Oil ..... Exxon Mobil
..........................................................................................................................
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters as well as for the First Half of 2018 and 2017 for the 143 Largest US Oil & Gas Companies including Partnerships with June Quarter Ends, which have released their June 2018 quarter earnings by August 9, 2018 and which had stock market caps above $1 Bil in the second quarter of 2018.
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters as well as for the First Half of 2018 and 2017 for the 143 Largest US Oil & Gas Companies including Partnerships with June Quarter Ends, which have released their June 2018 quarter earnings by August 9, 2018 and which had stock market caps above $1 Bil in the second quarter of 2018.
| US | US | ||||||||||
| US | US | US | US | GAAP | GAAP | ||||||
| GAAP | GAAP | GAAP | GAAP | Pretax | Pretax | ||||||
| Pretax | Pretax | Pretax | Pretax | Income | Income | ||||||
| US Oil & Gas Company | Income | Income | % | Income | Income | % | (Loss) | (Loss) | % | ||
| Market Caps Above $1 Bil | (Loss) | (Loss) | Change | (Loss) | (Loss) | Change | 6 Months | 6 Months | Change | ||
| Releasing June 2018 | June Qtr | June Qtr | Better | March Qtr | March Qtr | Better | June | June | Better | ||
| Qtr Earnings Thru 8-9-18 | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | ||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||
| Market Caps Above $5 Bil | |||||||||||
| Texas Oil & Gas Cos | |||||||||||
| Exxon Mobil | 6,512 | 4,156 | 57% | 7,240 | 5,918 | 22% | 13,752 | 10,074 | 37% | ||
| ConocoPhillips | 2,619 | (4,361) | 160% | 1,776 | (232) | 866% | 4,395 | (4,593) | 196% | ||
| Phillips 66 | 1,835 | 797 | 130% | 717 | 797 | -10% | 2,552 | 1,594 | 60% | ||
| Occidental Petroleum | 1,150 | 792 | 45% | 1,047 | 195 | 437% | 2,197 | 987 | 123% | ||
| Valero Energy | 1,124 | 768 | 46% | 731 | 433 | 69% | 1,855 | 1,201 | 54% | ||
| EOG Resources | 893 | 62 | 1340% | 813 | 39 | 1985% | 1,706 | 101 | 1589% | ||
| Andeavor | 749 | 143 | 424% | 288 | 108 | 167% | 1,037 | 251 | 313% | ||
| Energy Transfer Equity LP | 727 | 347 | 110% | 716 | 368 | 95% | 1,443 | 715 | 102% | ||
| Enterprise Products Partners LP | 706 | 675 | 5% | 917 | 777 | 18% | 1,623 | 1,452 | 12% | ||
| Energy Transfer Partners LP | 671 | 375 | 79% | 839 | 448 | 87% | 1,510 | 823 | 83% | ||
| Halliburton | 633 | (1) | 63400% | 189 | (57) | 432% | 822 | (58) | 1517% | ||
| Schlumberger Ltd | 547 | 17 | 3118% | 643 | 334 | 93% | 1,190 | 351 | 239% | ||
| Apache Corp | 508 | 9 | 5544% | 388 | 538 | -28% | 896 | 547 | 64% | ||
| HollyFrontier | 480 | 106 | 353% | 374 | (55) | 780% | 854 | 51 | 1575% | ||
| Spectra Energy Partners | 398 | 372 | 7% | 423 | 359 | 18% | 821 | 731 | 12% | ||
| Diamondback Energy | 295 | 166 | 78% | 225 | 143 | 57% | 520 | 309 | 68% | ||
| Cheniere Energy Partners LP | 281 | 46 | 511% | 335 | 47 | 613% | 616 | 93 | 562% | ||
| Enbridge Energy Partners LP | 187 | 230 | -19% | 172 | 180 | -4% | 359 | 410 | -12% | ||
| Phillips 66 Partners LP | 186 | 120 | 55% | 174 | 110 | 58% | 360 | 230 | 57% | ||
| Concho Resources | 177 | 245 | -28% | 1,089 | 1,021 | 7% | 1,266 | 1,266 | 0% | ||
| Parsley Energy | 174 | 68 | 156% | 129 | 56 | 130% | 303 | 124 | 144% | ||
| Targa Resources | 154 | (35) | 540% | 48 | (39) | 223% | 202 | (74) | 373% | ||
| Andeavor Logistics LP | 148 | 111 | 33% | 139 | 92 | 51% | 287 | 203 | 41% | ||
| Cheniere Energy Inc | 147 | 22 | 568% | 615 | 172 | 258% | 762 | 194 | 293% | ||
| Anadarko Petroleum | 142 | (372) | 138% | 300 | (178) | 269% | 442 | (550) | 180% | ||
| Marathon Oil | 140 | (112) | 225% | 524 | (16) | 3375% | 664 | (128) | 619% | ||
| Newfield Exploration | 133 | 107 | 24% | 99 | 154 | -36% | 232 | 261 | -11% | ||
| Cheniere Energy Partners LP LLC | 129 | 4 | 3125% | 119 | 4 | 2875% | 248 | 8 | 3000% | ||
| Shell Midstream Partners LP | 116 | 92 | 26% | 65 | 98 | -34% | 181 | 190 | -5% | ||
| Enlink Midstream Partners LP | 111 | 32 | 247% | 66 | 14 | 371% | 177 | 46 | 285% | ||
| Atmos Energy | 98 | 112 | -13% | 241 | 259 | -7% | 339 | 371 | -9% | ||
| Buckeye Partners LP | 94 | 117 | -20% | 118 | 127 | -7% | 212 | 244 | -13% | ||
| Plains All America | 84 | 199 | -58% | 349 | 510 | -32% | 433 | 709 | -39% | ||
| Pioneer Natural Resources | 82 | 354 | -77% | 228 | (73) | 412% | 310 | 281 | 10% | ||
| Texas Pacific Land Trust | 74 | 32 | 131% | 55 | 29 | 90% | 129 | 61 | 111% | ||
| Cabot Oil & Gas | 55 | 37 | 49% | 157 | 169 | -7% | 212 | 206 | 3% | ||
| Western Gas Partners | 36 | 176 | -80% | 154 | 108 | 43% | 190 | 284 | -33% | ||
| National Oilwell Varco | 30 | (91) | 133% | (63) | (133) | 53% | (33) | (224) | 85% | ||
| Core Laboratories NV | 30 | 25 | 20% | 29 | 21 | 38% | 59 | 46 | 28% | ||
| Baker Hughes GE | 24 | (30) | 180% | (105) | 74 | -242% | (81) | 44 | -284% | ||
| Noble Energy | 10 | (2,334) | 100% | 543 | 59 | 820% | 553 | (2,275) | 124% | ||
| Patterson-UTI Energy | (19) | (149) | 87% | (34) | (101) | 66% | (53) | (250) | 79% | ||
| Kinder Morgan | (176) | 599 | -129% | 706 | 691 | 2% | 530 | 1,290 | -59% | ||
| Transocean Ltd | (1,054) | (1,716) | 39% | (149) | 55 | -371% | (1,203) | (1,661) | 28% | ||
| Total 44 Texas Oil & Gas Cos | 21,440 | 2,312 | 827% | 23,429 | 13,623 | 72% | 44,869 | 15,935 | 182% | ||
| Oklahoma Oil & Gas Companies | |||||||||||
| Williams Partners LP | 449 | 349 | 29% | 384 | 663 | -42% | 833 | 1,012 | -18% | ||
| ONEOK | 370 | 220 | 68% | 342 | 241 | 42% | 712 | 461 | 54% | ||
| Williams Companies | 321 | 258 | 24% | 325 | 606 | -46% | 646 | 864 | -25% | ||
| Continental Resources | 318 | (101) | 415% | 305 | 6 | 4983% | 623 | (95) | 756% | ||
| Magellan Midstream Partners LP | 211 | 216 | -2% | 212 | 224 | -5% | 423 | 440 | -4% | ||
| Enable Midstream Partners LP | 95 | 97 | -2% | 114 | 121 | -6% | 209 | 218 | -4% | ||
| Helmerich & Payne | 2 | (34) | 106% | (6) | (70) | 91% | (4) | (104) | 96% | ||
| WPX Energy | (112) | 29 | -486% | (41) | 128 | -132% | (153) | 157 | -197% | ||
| Devon Energy | (481) | 207 | -332% | (181) | 325 | -156% | (662) | 532 | -224% | ||
| Total 9 Oklahoma Oil & Gas Cos | 1,173 | 1,241 | -5% | 1,454 | 2,244 | -35% | 2,627 | 3,485 | -25% | ||
| Colorado Oil & Gas Companies | |||||||||||
| Cimarex Energy | 183 | 156 | 17% | 243 | 209 | 16% | 426 | 365 | 17% | ||
| Antero Midstream Partners LP | 109 | 87 | 25% | 108 | 75 | 44% | 217 | 162 | 34% | ||
| Centennial Resource Development | 87 | 32 | 172% | 90 | 11 | 718% | 177 | 43 | 312% | ||
| DCP Midstream LP | 63 | 91 | -31% | 64 | 102 | -37% | 127 | 193 | -34% | ||
| Antero Resources | (93) | 59 | -258% | 90 | 437 | -79% | (3) | 496 | -101% | ||
| Total 5 Colorado Oil & Gas Cos | 349 | 425 | -18% | 595 | 834 | -29% | 944 | 1,259 | -25% | ||
| Pennsylvania Oil & Gas Companies | |||||||||||
| EQT GP Holdings LP | 172 | 139 | 24% | 208 | 142 | 46% | 380 | 281 | 35% | ||
| EQT Corp | 35 | 152 | -77% | (1,784) | 351 | -608% | (1,749) | 503 | -448% | ||
| UGI Corp | (1) | (79) | 99% | 521 | 437 | 19% | 520 | 358 | 45% | ||
| Total 3 Pennsylvania Oil & Gas Cos | 206 | 212 | -3% | (1,055) | 930 | -213% | (849) | 1,142 | -174% | ||
| Ohio Oil & Gas Companies | |||||||||||
| Marathon Petroleum Corp | 1,516 | 824 | 84% | 257 | 142 | 81% | 1,773 | 966 | 84% | ||
| MPLX LP | 457 | 193 | 137% | 427 | 187 | 128% | 884 | 380 | 133% | ||
| Total 2 Ohio Oil & Gas Cos | 1,973 | 1,017 | 94% | 684 | 329 | 108% | 2,657 | 1,346 | 97% | ||
| California Oil & Gas Company | |||||||||||
| Chevron | 4,905 | 1,953 | 151% | 5,073 | 3,129 | 62% | 9,978 | 5,082 | 96% | ||
| New Jersey Oil & Gas Company | |||||||||||
| PBF Energy | 383 | (176) | 318% | 53 | (39) | 236% | 436 | (215) | 303% | ||
| Alabama Oil & Gas Company | |||||||||||
| Energen Corp | 88 | 46 | 91% | 155 | 53 | 192% | 243 | 99 | 145% | ||
| Arkansas Oil & Gas Company | |||||||||||
| Murphy Oil | 82 | (22) | 473% | 97 | 155 | -37% | 179 | 133 | 35% | ||
| New York Oil & Gas Company | |||||||||||
| Hess Corp | 27 | (425) | 106% | 8 | (309) | 103% | 35 | (734) | 105% | ||
| Total 68 Market Caps Above $5 Bil | 30,626 | 6,583 | 365% | 30,493 | 20,949 | 46% | 61,119 | 27,532 | 122% | ||
| Market Caps $1-5 Bil | |||||||||||
| Dominion Energy Midstream LP | 132 | 32 | 313% | 34 | 54 | -37% | 166 | 86 | 93% | ||
| Delek US Holdings | 120 | (59) | 303% | (29) | 20 | -245% | 91 | (39) | 333% | ||
| CV Refining LP | 118 | (19) | 721% | 147 | 67 | 119% | 265 | 48 | 452% | ||
| Gulfport Energy | 111 | 106 | 5% | 90 | 154 | -42% | 201 | 260 | -23% | ||
| Liberty Oilfield Services | 111 | 39 | 185% | 62 | 8 | 675% | 173 | 47 | 268% | ||
| EnLink Midstream LLC | 109 | 30 | 263% | 64 | 12 | 433% | 173 | 42 | 312% | ||
| FTS Intl | 105 | 45 | 133% | 80 | (20) | 500% | 185 | 25 | 640% | ||
| CVR Energy | 96 | (26) | 469% | 125 | 53 | 136% | 221 | 27 | 719% | ||
| Mammoth Energy Services | 96 | (4) | 2500% | 101 | (8) | 1363% | 197 | (12) | 1742% | ||
| Hess Midstream Partners LP | 95 | 68 | 40% | 89 | 63 | 41% | 184 | 131 | 40% | ||
| National Fuel Gas | 82 | 96 | -15% | 130 | 142 | -8% | 212 | 238 | -11% | ||
| RPC Inc | 79 | 69 | 14% | 66 | 2 | 3200% | 145 | 71 | 104% | ||
| TC Pipelines LP | 75 | 55 | 36% | 103 | 84 | 23% | 178 | 139 | 28% | ||
| Matador Resources | 66 | 32 | 106% | 65 | 46 | 41% | 131 | 78 | 68% | ||
| Valero Energy Partners LP | 64 | 59 | 8% | 66 | 58 | 14% | 130 | 117 | 11% | ||
| Viper Energy Partners LP | 57 | 22 | 159% | 43 | 21 | 105% | 100 | 43 | 133% | ||
| Jagged Peak Energy | 57 | 31 | 84% | (30) | (377) | 92% | 27 | (346) | 108% | ||
| SRC Energy | 53 | 28 | 89% | 72 | 20 | 260% | 125 | 48 | 160% | ||
| Southwestern Energy | 51 | 284 | -82% | 208 | 351 | -41% | 259 | 635 | -59% | ||
| Callon Petroleum | 51 | 34 | 50% | 56 | 47 | 19% | 107 | 81 | 32% | ||
| ProPetro Holding | 51 | 5 | 920% | 47 | (24) | 296% | 98 | (19) | 616% | ||
| Cactus | 46 | 17 | 171% | 28 | 5 | 460% | 74 | 22 | 236% | ||
| Noble Midstream Partners LP | 45 | 39 | 15% | 39 | 35 | 11% | 84 | 74 | 14% | ||
| Boardwalk Pipeline Partners LP | 42 | 24 | 75% | 97 | 119 | -18% | 139 | 143 | -3% | ||
| Holly Energy Partners LP | 42 | 43 | -2% | 49 | 28 | 75% | 91 | 71 | 28% | ||
| Denbury Resources | 40 | 25 | 60% | 54 | 43 | 26% | 94 | 68 | 38% | ||
| BP Midstream Partners LP | 40 | 20 | 100% | 41 | 20 | 105% | 81 | 40 | 103% | ||
| W&T Offshore | 36 | 24 | 50% | 28 | 17 | 65% | 64 | 41 | 56% | ||
| Carrizo Oil & Gas | 36 | 56 | -36% | 28 | 40 | -30% | 64 | 96 | -33% | ||
| Laredo Petroleum | 33 | 61 | -46% | 87 | 68 | 28% | 120 | 129 | -7% | ||
| NuStar Energy LP | 32 | 28 | 14% | 130 | 61 | 113% | 162 | 89 | 82% | ||
| Keane Group | 30 | (11) | 373% | (5) | (72) | 93% | 25 | (83) | 130% | ||
| CNX Resources | 30 | 180 | -83% | 759 | (138) | 650% | 789 | 42 | 1779% | ||
| CNX Midstream Partners LP | 30 | 30 | 0% | 34 | 33 | 3% | 64 | 63 | 2% | ||
| Black Stone Minerals LP | 29 | 54 | -46% | 42 | 62 | -32% | 71 | 116 | -39% | ||
| C&J Energy Services | 28 | (15) | 287% | 21 | (35) | 160% | 49 | (50) | 198% | ||
| Select Energy Services | 25 | (11) | 327% | 17 | (12) | 233% | 42 | (23) | 283% | ||
| PBF Logistics LP | 24 | 27 | -11% | 25 | 28 | -11% | 49 | 55 | -11% | ||
| Antero Midstream GP LP | 22 | 2 | 1000% | 19 | 1 | 1800% | 41 | 3 | 1267% | ||
| Helix Energy Solutions Group | 18 | (1) | 1900% | (3) | (21) | 86% | 15 | (22) | 168% | ||
| SM Energy | 16 | (191) | 108% | 416 | 119 | 250% | 432 | (72) | 700% | ||
| NOW Inc | 15 | (17) | 188% | 3 | (23) | 113% | 18 | (40) | 145% | ||
| Extraction Oil & Gas | 13 | 12 | 8% | (66) | 14 | -571% | (53) | 26 | -304% | ||
| Unit Corp | 10 | 15 | -33% | 12 | 30 | -60% | 22 | 45 | -51% | ||
| Oil States Intl | 4 | (19) | 121% | (5) | (24) | 79% | (1) | (43) | 98% | ||
| Archrock | 3 | (6) | 150% | 2 | (14) | 114% | 5 | (20) | 125% | ||
| USA Compression Partners LP | 3 | (10) | 130% | (15) | 2 | -850% | (12) | (8) | -50% | ||
| Whiting Petroleum | 2 | (104) | 102% | 15 | (126) | 112% | 17 | (230) | 107% | ||
| Dril-Quip | (2) | - | NM | (4) | - | NM | (6) | - | NM | ||
| Semgroup | (6) | 13 | -146% | (10) | (10) | 0% | (16) | 3 | -633% | ||
| Forum Energy Technologies | (14) | (89) | 84% | 15 | (29) | 152% | 1 | (118) | 101% | ||
| Crestwood Equity Partners LP | (21) | - | NM | 34 | (19) | 279% | 13 | (19) | 168% | ||
| WildHorse Resource Development | (23) | 42 | -155% | (154) | 32 | -581% | (177) | 74 | -339% | ||
| Chesapeake Energy | (25) | 496 | -105% | 294 | 142 | 107% | 269 | 638 | -58% | ||
| Frank's Intl NV | (27) | (32) | 16% | (36) | (36) | 0% | (63) | (68) | 7% | ||
| Superior Energy Services | (29) | (92) | 68% | (69) | (134) | 49% | (98) | (226) | 57% | ||
| Oceaneering Intl | (30) | 3 | -1100% | (43) | (9) | -378% | (73) | (6) | -1117% | ||
| Tellurian | (36) | (33) | -9% | (25) | (141) | 82% | (61) | (174) | 65% | ||
| New Jersey Resources | (43) | 13 | -431% | 171 | 139 | 23% | 128 | 152 | -16% | ||
| High Point Resources | (47) | (18) | -161% | (25) | (13) | -92% | (72) | (31) | -132% | ||
| Summit Midstream Partners LP | (50) | 11 | -555% | (4) | - | NM | (54) | 11 | -591% | ||
| California Resources | (63) | (47) | -34% | 9 | 52 | -83% | (54) | 5 | -1180% | ||
| Diamond Offshore Drilling | (79) | (7) | -1029% | (25) | 25 | -200% | (104) | 18 | -678% | ||
| Rowan Companies plc | (81) | (7) | -1057% | (106) | 40 | -365% | (187) | 33 | -667% | ||
| Range Resources | (108) | 127 | -185% | 92 | 282 | -67% | (16) | 409 | -104% | ||
| Ensco plc | (117) | (25) | -368% | (122) | - | NM | (239) | (25) | -856% | ||
| South Jersey Industries | (126) | (13) | -869% | 148 | 60 | 147% | 22 | 47 | -53% | ||
| Kosmos Energy Ltd | (149) | 15 | -1093% | (74) | (7) | -957% | (223) | 8 | -2888% | ||
| NGL Energy Partners LP | (165) | (58) | -184% | 111 | 26 | 327% | (54) | (32) | -69% | ||
| Nabors Industries | (172) | (135) | -27% | (120) | (173) | 31% | (292) | (308) | 5% | ||
| PDC Energy | (206) | 66 | -412% | (18) | 72 | -125% | (224) | 138 | -262% | ||
| Weatherford Intl plc | (233) | (148) | -57% | (210) | (410) | 49% | (443) | (558) | 21% | ||
| Oasis Petroleum | (417) | 19 | -2295% | 5 | 40 | -88% | (412) | 59 | -798% | ||
| QEP Resources | (442) | 73 | -705% | (68) | 123 | -155% | (510) | 196 | -360% | ||
| Noble Corp plc | (917) | (114) | -704% | (140) | (26) | -438% | (1,057) | (140) | -655% | ||
| Total 75 Market Cap $1-5 Bil | (1,155) | 1,259 | -192% | 3,067 | 1,059 | 190% | 1,912 | 2,318 | -18% | ||
| Total 143 Market Caps Above $1 Bil | 29,471 | 7,842 | 276% | 33,560 | 22,008 | 52% | 63,031 | 29,850 | 111% |
