Monday, April 1, 2019

All 558 US Non-Oil & Gas Cos With Stock Market Caps Above $10 Bil Saw Their Total Pretax Earnings Collapse in the Fourth Quarter of 2018, Declining By 19% From the Fourth Quarter of 2017, After Increasing By 12% in the Third Quarter of 2018

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All 22 US Non-Oil & Gas Cos With Stock Market Caps Above $10 Bil and With November Quarter Ends Saw Their Total Pretax Earnings in Their November 2018 Quarter Increase By 10%, a Sharp Growth Deceleration From Their Total Pretax Earnings Growth of 28% in Their August 2018 Quarter
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But all 484 US Non-Oil & Gas Cos With Stock Market Caps Above $10 Bil and With December Quarter Ends Saw Their Total Pretax Earnings in Their December 2018 Quarter Decline By 22%, a Complete Downwards Earnings Reversal From Their 
Total Pretax Earnings Growth of 12% in Their September 2018 Quarter
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And all 52 US Non-Oil & Gas Cos With Stock Market Caps Above $10 Bil and With January Quarter Ends Saw Their Total Pretax Earnings in Their January 2019 Quarter Decline By 4%, a Downwards Earnings Reversal From Their 
Total Pretax Earnings Growth of 4% in Their October 2018 Quarter
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In Sharp Contrast, all 39 US Oil & Gas Cos With Stock Market Caps Above $10 Bil Saw Their Total Pretax Earnings in Their December 2018 Quarter Increase By a Blistering 469% From That in Their December 2017 Quarter, a Sharp Growth Acceleration From Their Total Pretax Earnings Growth of a Still Blistering 191% in Their September 2018 Quarter
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The Trump Administration and the Republicans in the US Congress Were Very Effective in Achieving One of Their Primary Goals of Maximizing US Big Oil & Gas Cos Fossil Fuel Profits And To Hell With the Global Environment
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From a review of SEC filings and individual Company information in MSN Money, I found 558 US Non-Oil & Gas Companies and 39 US Oil & Gas Cos with stock market caps sometime in 2018 of more than $10 Bil.

My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with Company Operating Performance.

The chart below shows the Gold-Standard US GAAP Total Pretax Income (Loss) From Continuing Operations for the December 2018, the December 2017, the September 2018 and the September 2017 Quarters for each of the 558 US Non-Oil & Gas Cos.


US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Nov 18 Nov 17 Aug 18 Aug 17
US Non-Oil and Gas Cos Dec 18 or Dec 17 or Better Sep 18 or Sep 17 or Better
US Stock Market Caps > $10 Bil Jan 19 Jan 18 (Worse) Oct 18 Oct 17 (Worse)
State Fouth Quarter Quarter Quarter % Quarter Quarter %
HQs Nov 2018, Dec 2018 and Jan 2019 Qtr Ends End End  Change End End  Change
mils $ mils $ mils $ mils $
November 2018 Quarter Ends
ID Micron Technology         3,773         2,792 35%       4,346       2,322 87%
CA Oracle         2,774         2,826 -2%       2,540       2,500 2%
NY Accenture plc         1,610         1,494 8%       1,457       1,292 13%
IL Walgreen's Boots Alliance         1,280         1,049 22%       1,673          933 79%
TN FedEx         1,177         1,139 3%       1,101          982 12%
 FL  Lennar         1,037            462 124%          566          368 54%
OR Nike            997            879 13%       1,270       1,072 18%
WA Costco            935            936 0%       1,449       1,419 2%
CA Adobe Systems            699            643 9%          701          541 30%
FL Carnival            508            560 -9%       1,744       1,368 27%
MN General Mills            458            679 -33%          507          577 -12%
TN Autozone            449            430 4%          537          656 -18%
NY Constellation Brands            347            647 -46%       1,365          634 115%
OH Cintas            321            206 56%          241          219 10%
NY Paychex            309            305 1%          323          319 1%
MD McCormick & Co            259            223 16%          190          133 43%
VA CarMax            248            225 10%          289          290 0%
 ID  Lamb-Weston            158            125 26%          146          132 11%
IL Conagra Brands            157            334 -53%          236          274 -14%
FL Darden Restaurants            135            113 19%          176          160 10%
NC Red Hat            112            116 -3%          135          132 2%
CO IHS Markit Ltd              92              97 -5%          111          110 1%
Total 22 Cos With Nov 2018 Quarter Ends       17,835       16,280 10%     21,103     16,433 28%
December 2018 Quarter Ends
 CA  Apple       23,906       27,030 -12%     16,421     13,917 18%
NY Twenty-First Century Fox       11,554            703 1544%       1,484       1,295 15%
WA Microsoft       10,385         9,169 13%     10,221       7,984 28%
 CA  Alphabet       10,072         8,018 26%     10,083       7,979 26%
NY JPMorgan Chase         8,841         8,254 7%     10,689       9,556 12%
NC Bank of America         8,698         6,161 41%       8,994       7,611 18%
CA Facebook         7,971         7,462 7%       5,912       5,236 13%
CA Wells Fargo         7,120         4,599 55%       7,598       6,781 12%
TX AT&T         5,745        (1,283) NM       6,207       4,974 25%
CA Intel         5,635         6,035 -7%       7,142       5,930 20%
NY Citigroup         5,306         5,099 4%       6,104       6,003 2%
NY International Business Machines         4,434         4,469 -1%       2,996       3,065 -2%
MN UnitedHealth Group         4,123         3,669 12%       4,237       3,794 12%
WA Boeing         4,046         2,917 39%       2,133       2,583 -17%
OH Procter & Gamble         3,916         4,033 -3%       3,940       3,751 5%
 CA  Visa         3,630         3,239 12%       3,538       3,099 14%
CA Walt Disney         3,431         3,745 -8%       3,202       2,694 19%
 WA  Amazon.com         3,354         1,872 79%       3,391          314 980%
NJ Johnson & Johnson         3,122         2,560 22%       4,423       4,790 -8%
PA Comcast Corp         3,068         3,444 -11%       3,895       4,083 -5%
NY Goldman Sachs         2,708         3,108 -13%       3,078       2,976 3%
 NJ  Merck         2,604         1,879 39%       2,665          200 1233%
NY Philip Morris         2,554         3,061 -17%       3,032       2,857 6%
NY MetLife         2,471            961 157%       1,079          485 122%
NY AXA Equitable Holdings         2,329            776 200%        (618)            47 NM
 CA  Amgen         2,185         2,214 -1%       2,094       2,381 -12%
MN US Bancorp         2,153         1,311 64%       2,282       2,158 6%
NE Union Pacific Corp         2,016         2,092 -4%       2,076       1,983 5%
NY PepsiCo         1,935         2,331 -17%       2,697       2,776 -3%
NY Morgan Stanley         1,857         2,471 -25%       2,851       2,482 15%
NY American Express         1,831         1,798 2%       2,118       1,831 16%
CT United Technologies         1,788         1,705 5%       1,768       1,940 -9%
IL McDonalds         1,751         1,885 -7%       2,159       2,820 -23%
MN 3M         1,720         1,672 3%       1,965       1,997 -2%
NJ Honeywell         1,720         1,667 3%       1,858       1,778 4%
 VA  Altria Group         1,710         2,183 -22%       2,608       2,644 -1%
PA PNC Financial Services         1,615         1,074 50%       1,661       1,539 8%
NY Bristol-Myers Squibb         1,547            698 122%       2,167       1,183 83%
IL Mondelez Intl         1,507         1,254 20%       1,507       1,254 20%
TX Texas Instruments         1,503         1,550 -3%       1,924       1,789 8%
TN HCA Healthcare         1,489         1,377 8%       1,069          778 37%
MD Lockheed Martin         1,483         1,572 -6%       1,575       1,297 21%
MI General Motors         1,433         3,022 -53%       2,630       2,430 8%
MA Biogen         1,415         1,400 1%       1,813       1,610 13%
IL Caterpillar         1,367         1,111 23%       2,135       1,523 40%
NY Verizon Communications         1,367         2,934 -53%       6,675       5,511 21%
GA Delta Air Lines         1,344         1,044 29%       1,674       1,776 -6%
VA Capital One Financial         1,243         1,308 -5%       1,921       1,585 21%
NY Mastercard         1,215         1,484 -18%       2,264       1,932 17%
CA Charles Schwab         1,210            953 27%       1,219          945 29%
CA Sempra Energy         1,187            447 166%          501            18 2683%
NY BlackRock         1,174         1,486 -21%       1,429       1,399 2%
VA General Dynamics         1,132         1,008 12%       1,023       1,027 0%
NJ Celgene         1,117         1,131 -1%       1,378          991 39%
FL CSX Corp         1,098            983 12%       1,150          750 53%
NJ Prudential Financial         1,067         1,107 -4%       1,859       3,041 -39%
NY Bank of New York Mellon         1,020            728 40%       1,334       1,368 -2%
CA Gilead Sciences         1,016         2,126 -52%       2,664       3,671 -27%
CT Synchrony Financial         1,012            875 16%          893          879 2%
MA Thermo Fisher Scientific         1,012            820 23%          810          480 69%
NC BB&T Corp         1,010            876 15%       1,049          942 11%
WA Starbucks            966         3,006 -68%          932       1,152 -19%
IL Abbott Labs            947            574 65%          718          626 15%
DC Danaher            943            979 -4%          801          730 10%
IN Eli Lilly            939            284 231%       1,411          592 138%
VA Norfolk Southern            930            893 4%          908          800 14%
MA Raytheon            927            834 11%          636          816 -22%
IL Discover Financial Services            897            899 0%          967          903 7%
NC Nucor Corp            877            322 172%          923          371 149%
MA General Electric            858      (12,971) NM   (22,736)          746 NM
WA T-Mobile US            838            714 17%       1,130          906 25%
IN Simon Property Group            833            660 26%          642          593 8%
NY Colgate Palmolive            832            896 -7%          820          900 -9%
CA HCP Inc            831             (45) NM            98          (11) NM
TX Southwest Air            817            736 11%          786          832 -6%
IL Illinois Tool Works            816            796 3%          835          906 -8%
NJ Cognizant Technology            816            714 14%          662          658 1%
GA SunTrust Banks            796            668 19%          849          765 11%
 TX  LyondellBasell Industries            796         1,342 -41%       1,347       1,438 -6%
GA Coca-Cola            787            937 -16%       2,847       1,674 70%
NE TD Ameritrade            778            303 157%          609          338 80%
VA Dominion Energy            757            620 22%       1,145          968 18%
WA Paccar            752            604 25%          669          582 15%
 NY  Estee Lauder            748            690 8%          633          549 15%
MN Travelers Companies            746            860 -13%          806          320 152%
NV Las Vegas Sands            742            932 -20%          782          757 3%
NJ Automatic Data Processing            741            588 26%          647          565 15%
GA IntercontinentalExchange            738            671 10%          554          563 -2%
MI DowDuPont            728        (2,874) NM          855       1,125 -24%
 OH  Eaton Corp plc            726            635 14%          439       1,694 -74%
GA AFLAC            722            999 -28%       1,146       1,075 7%
NJ Becton Dickinson            714            105 580%          415          326 27%
AR Tyson Foods            713            842 -15%          757          580 31%
IN Cummins            710            596 19%          805          622 29%
CA Prologis            709            351 102%          389          931 -58%
NY M&T Bank Corp            699            629 11%          696          581 20%
CA Activision Blizzard            690            185 273%          121          220 -45%
CA PayPal Holdings            686            864 -21%          533          451 18%
NY Regeneron Pharmaceuticals            676            555 22%          636          566 12%
 IL  CME Group            671            575 17%          562          607 -7%
NY S&P Global            670            589 14%          672          621 8%
CA Lam Research            660            734 -10%          591          688 -14%
TX Waste Management            659            584 13%          597          603 -1%
MI Stryker            657            649 1%          534          471 13%
MN Ameriprise Financial            652            595 10%          588          633 -7%
 CA  McKesson            650            697 -7%          587          178 230%
CT Booking Holdings            632            942 -33%       2,241       2,067 8%
MO Emerson Electric            591            503 17%          738          685 8%
CA Public Storage            588            391 50%          380          358 6%
OH Fifth Third Bancorp            584            491 19%          512       1,489 -66%
OH KeyCorp            574            447 28%          569          497 14%
NY Omnicom Group            574            577 -1%          447          419 7%
NC V F Corp            566            460 23%          599          551 9%
CA QUALCOMM            559             (60) NM        (775)          434 NM
RI Citizens Financial Group            557            503 11%          576          513 12%
IL United Continental Holdings            556            620 -10%       1,061          993 7%
MN Ecolab            548            548 0%          482          526 -8%
 GA  United Parcel Services            543         1,371 -60%       1,889       1,937 -2%
IN Anthem            542            126 330%       1,242       1,119 11%
NY CBS Corp            522            194 169%          552          590 -6%
CA eBay            516            561 -8%          948          694 37%
PA Chubb            514         1,151 -55%       1,414        (155) NM
TX Kimberly Clark            512            768 -33%          600          803 -25%
PA PPL Corp            511            541 -6%          548          471 16%
MA State Street Corp            504            717 -30%          867          822 5%
CA CBRE Group            496            428 16%          387          277 40%
MD Discovery Inc            494        (1,050) NM          178          164 9%
CO Dish Networks            493            319 55%          593          492 21%
AL Regions Financial            491            541 -9%          455          450 1%
PA Air Products & Chemicals            489            455 7%          529          479 10%
IL Northern Trust            486            436 11%          481          417 15%
VA Willis Towers Watson            477              80 496%            36          (35) NM
VA DXC Technology            469            341 38%          332          284 17%
PA Lincoln National            467           (388) NM          532          510 4%
 IL  Motorola Solutions            464            465 0%          270          286 -6%
PA TE Connectivitity Ltd            461            566 -19%          546          451 21%
 TN  International Paper            461            261 77%          645          502 28%
 IL  Baxter Intl            445            293 52%          406          290 40%
NY Viacom            441            593 -26%          510          571 -11%
KY Yum! Brands            439         1,092 -60%          534          524 2%
KY Humana            438            490 -11%          909          799 14%
PA AmerisourceBergen            433            359 21%          112        (172) NM
NC Duke Energy            433            866 -50%       1,230       1,321 -7%
CT Amphenol            432            379 14%          420          358 17%
 OH  Parker Hannifin            431            360 20%          460          374 23%
CT United Rentals            425            336 26%          460          322 43%
IL Aon plc            421            406 4%          194          200 -3%
NJ Zoetis            418            430 -3%          418          413 1%
CA KLA-Tencor            416            347 20%          428          336 27%
OH Cardinal Health            407            317 28%          736          178 313%
NY Interpublic Group of Cos            405            404 0%          224          227 -1%
VA Northop Grumman            403         1,309 -69%       1,237          782 58%
NY Consolidated Edison            402            377 7%          610          727 -16%
TX Comerica            400            330 21%          381          334 14%
CA Seagate Technology            398            371 7%          468          188 149%
GA Fleetcor Technologies            397            208 91%          238          328 -27%
TX Alliance Data Systems            397            306 30%          353          334 6%
FL Fidelity Natl Info Services            396            363 9%          200          119 68%
MO O Reilly Automotive            393            377 4%          456          440 4%
MD Host Hotels & Resorts            393            110 257%          420          147 186%
OH Huntington Bancorp            391            412 -5%          440          365 21%
MD T Rowe Price            390            633 -38%          766          616 24%
OH American Electric Power            387            574 -33%          499          821 -39%
TX American Air Lines            387            408 -5%          456       1,063 -57%
VA AvalonBay Community            386            237 63%          192          238 -19%
FL Restaurant Brands Intl            386            325 19%          342          285 20%
CA SVB Financial Group            380            260 46%          377          251 50%
NC Ingersoll Rand plc            377            325 16%          530          445 19%
TX D R Horton            376            391 -4%          608          486 25%
WI Fiserv            374            381 -2%          305          330 -8%
MI Ally Financial            368            410 -10%          465          395 18%
NY Tapestry            368            324 14%          145          (42) NM
NY E Trade Group            365            299 22%          374          223 68%
IL CNH Industrial NV            363            182 99%          362          122 197%
 CT  Charter Communications            362            431 -16%          693          118 487%
CA Intuitive Surgical             359            341 5%          335          291 15%
MA Keurig Dr Pepper            358            182 97%          194          163 19%
MO Centene            357            168 113%            24          326 -93%
AZ Republic Services            357            296 21%          340          357 -5%
CO Liberty Global plc            356           (635) NM        (115)        (500) NM
TX Sysco Corp            355            452 -21%          538          546 -1%
VA AES Corp            354            122 190%          338          328 3%
NY Corning Inc            346            566 -39%          758          479 58%
CA Franklin Resources            346            652 -47%          483          658 -27%
MD Marriott Intl            345         1,034 -67%          568          738 -23%
 PA  Hershey            344            260 32%          357          401 -11%
PA PPG Industries            342            377 -9%          451          523 -14%
IN Steel Dynamics            341            161 112%          507          234 117%
NY Sirius XM Holdings            333            237 41%          355          385 -8%
FL Raymond James Financial            330            311 6%          344          282 22%
NY Nasdaq Inc            328            211 55%          209          234 -11%
MA Skyworks Solutions            324            386 -16%          343          348 -1%
MI Lear Corp            322            378 -15%          332          393 -16%
NY Moody's Corp            322            408 -21%          413          466 -11%
FL Royal Caribbean            320            288 11%          810          753 8%
 FL  Roper Technologies            318            303 5%          312          265 18%
IL Archer Daniels Midland            312            543 -43%          632          225 181%
CA Monster Beverage            311            268 16%          343          321 7%
TN Unum Group            310            345 -10%        (378)          367 NM
CT Interactive Brokers Group            309            364 -15%          276          268 3%
MA Eversource Energy            302            370 -18%          358          415 -14%
 MI  Aptiv plc            299            357 -16%          297          337 -12%
 MA  Boston Scientific            296            227 30%          456          309 48%
UT Zions Bancorp            290            259 12%          292          243 20%
PA Aramark            290            143 103%          190          155 23%
FL Nextera Energy            289              84 244%       1,069       1,220 -12%
CA First Republic Bank            287            237 21%          266          242 10%
CO Qurate Retail            287            483 -41%            88            45 96%
IL WW Grainger            279            208 34%          171          250 -32%
RI Textron            278            223 25%          628          203 209%
VA NVR Inc            277            261 6%          250          244 2%
FL Harris Corp            271            225 20%          257          228 13%
CO Newmont Mining            270            253 7%        (137)          279 NM
MI Masco            268            148 81%          262          264 -1%
IL Brookfield Property REIT            268            176 52%       3,142          233 1248%
CA Check Point Software            267            280 -5%          243          237 3%
WA Fortive Corp            267            287 -7%          296          348 -15%
MI BorgWarner            267            206 30%          283          274 3%
VA Hilton Worldwide            266            181 47%          293          256 14%
IL Packaging Corp of America            265            224 18%          274          217 26%
CA Electronic Arts            265             (16) NM          276          (38) NM
CO Liberty SiriusXM Group            262            211 24%          313          390 -20%
 PA  Ametek            259            198 31%          245          204 20%
CO DaVita            259              47 451%          167          289 -42%
CA Xilinx            257            167 54%          239          194 23%
MI Whirlpool            256            209 22%          223          268 -17%
GA Genuine Parts            254            222 14%          292          246 19%
OH TransDigm Group            250            191 31%          282          247 14%
NY Arconic            249            172 45%          249          172 45%
MN CH Robinson Worldwide            246            193 27%          239          184 30%
NY L3 Technologies            245            226 8%          226          192 18%
WI Johnson Controls Intl plc            244            170 44%          892       1,062 -16%
IA Principal Financial            243            315 -23%          569       1,158 -51%
OH Progressive Corp            242            691 -65%       1,131          251 351%
NY Capri Holdings Ltd            241            278 -13%          152          239 -36%
NY IAC/Interactive            237              55 331%          153          (54) NM
VA Verisign            234            142 65%          178          150 19%
CA Tesla            232           (780) NM          271        (671) NM
KS Garmin Ltd            232            184 26%          201          190 6%
MN Fastenal            230            201 14%          259          226 15%
OH Mettler-Toledo            230            194 19%          160          140 14%
WI Snap-On            229            197 16%          219          194 13%
 CT  Cigna            228            758 -70%       1,033          824 25%
 NY  Marsh & McLennan            224            642 -65%          385          537 -28%
 CA  Clorox            224            227 -1%          268          279 -4%
MO Kansas City Southern            222            193 15%          247          212 17%
CT Stanley Black & Decker            222            342 -35%          305          354 -14%
WA Expeditors Intl Washington            222            205 8%          208          190 9%
NY First Data Corp            219            339 -35%          502          234 115%
WI WEC Energy Group            219            358 -39%          251          345 -27%
VA Huntington Ingalls Industries            219            187 17%          295          220 34%
TX Crown Castle            218            113 93%          169          118 43%
KS Spirit AeroSystems            218            218 0%          206          203 1%
NC Old Dominion Freight Line            217            144 51%          229          165 39%
PA Alcoa            216            369 -41%          406          288 41%
NC Laboratory Corp of America            215            266 -19%          500          267 87%
CA Illumina            210            224 -6%          232          175 33%
MN XCEL Energy            209            307 -32%          564          697 -19%
IL CDW Corp            207            184 13%          238          207 15%
CA Twitter            207              94 120%            87          (18) NM
NY W.P. Carey Inc            207              74 180%            84            85 -1%
PA Universal Health Services            207            302 -31%          229          220 4%
CA East West Bancorp            205            174 18%          205          175 17%
TX Torchmark            204            216 -6%          220          221 0%
MI Perrigo Co plc            204            132 55%          (79)          129 NM
GA WestRock            203              60 238%          375          246 52%
TX Atmos Energy            201            208 -3%            64            55 16%
 NY  Ralph Lauren            200            186 8%          215          191 13%
OH Owens-Corning            200            124 61%          229          128 79%
NJ Public Service Enterprise Grp            200            310 -35%          529          647 -18%
MA Waters Corp            198            226 -12%          169          154 10%
GA Mohawk Industries            198            332 -40%          278          372 -25%
CA Arista Networks            198            142 39%          189          142 33%
MA American Tower            197            141 40%          390          368 6%
IN NiSource            193            167 16%        (434)            17 NM
AZ ON Semiconductor            189            121 56%          216          168 29%
FL Citrix Systems            188            182 3%          159          134 19%
CA Juniper Networks            188            200 -6%          152          226 -33%
IL Dover            187            264 -29%          193          207 -7%
 NY  MSCI Inc            187            127 47%          147          121 21%
MA Boston Properties            185            132 40%          150          148 1%
PA Ansys            185            102 81%            95          108 -12%
CA Maxim Integrated Products            183            198 -8%          234          181 29%
TX CenterPoint Energy            181            286 -37%          209          267 -22%
NJ Verisk Analytics            180            179 1%          193          181 7%
 NY  Xylem            179            142 26%          161          131 23%
 NJ  Quest Diagnostics            179            244 -27%          275          267 3%
GA Total Systems Services            177            156 13%          187          179 4%
TN Tractor Supply            176            180 -2%          149          145 3%
 NJ  Church & Dwight            176            199 -12%          187          187 0%
IL Cboe Global Markets            176            104 69%          116          106 9%
TX Westlake Chemical            176            325 -46%          391          328 19%
TX Celanese            174            265 -34%          462          289 60%
NY News Corp            174            169 3%          178          141 26%
MI DTE Energy            173            214 -19%          369          337 9%
MO Cerner            172            222 -23%          214          250 -14%
NJ American Water Works            170            199 -15%          255          340 -25%
NY Henry Schein            170            215 -21%          156          210 -26%
OH FirstEnergy            169            171 -1%          520          503 3%
CT Hartford Financial Services            167            422 -60%          530          181 193%
WA F5 Networks            165            144 15%          159          154 3%
CA Jazz Pharmaceuticals            165            119 39%          169            65 160%
PA FMC Corp            162              15 980%          110            59 86%
CT Avangrid            158           (515) NM          163          132 23%
NC Albemarle            157            171 -8%          177          149 19%
NV Wynn Resorts Ltd            155            210 -26%          216          106 104%
WI A.O. Smith            155            141 10%          132          132 0%
AL Vulcan Materials            154              14 1000%          221          149 48%
MA Iron Mountain            153              21 629%            93            28 232%
FL Norwegian Cruise Line            151              94 61%          481          407 18%
VA Leidos Holding            150              34 341%          170          116 47%
GA Invesco Ltd            148            399 -63%          342          398 -14%
CA Resmed            146            142 3%          139          108 29%
TX Waste Connections            146            166 -12%          203          188 8%
MN Mosaic            145              60 142%          340          247 38%
NY Altice USA            145           (179) NM          130        (334) NM
PA SEI Investments            144            152 -5%          158          141 12%
IL CF Industries            141             (17) NM            83        (115) NM
MO Reinsurance Group            138            255 -46%          323          340 -5%
IL Ingredion            138            187 -26%          132          217 -39%
CA Varian Medical            137            123 11%          142          105 35%
CA Equinix            136              94 45%          143            82 74%
MO Amdocs Ltd            135            122 11%            65          130 -50%
TX Match Group            135            102 32%          122            62 97%
MI Domino's Pizza            135            137 -1%            99            85 16%
NY Vornado Realty Trust            130              91 43%          221            38 482%
IL Idex Corp            129            124 4%          133          114 17%
MI CMS Energy            126            222 -43%          202          229 -12%
OH Welltower            126             (64) NM            61            85 -28%
CA Essex Property Trust            124            110 13%            86            85 1%
IL Equity Residential            122            130 -6%          224          144 56%
WI Rockwell Automation            121            298 -59%          482          274 76%
CA Align Technologies            120            114 5%          125          101 24%
GA Southern Co            120            325 -63%       1,845       1,699 9%
CA Netflix            119            131 -9%          379          116 227%
CT XPO Logistics            118              59 100%          156          101 54%
IL FortuneBrandsHome&Security            117            142 -18%          138          189 -27%
NC Martin Marietta Materials            116            164 -29%          209          204 2%
CO Ball Corp            114            276 -59%          199            55 262%
GA Global Payments            114            108 6%          180          134 34%
MA Akamai Technologies            113              32 253%          111            92 21%
AR JB Hunt Transport Services            112            140 -20%          165          157 5%
UT Extra Space Storage            112            224 -50%          142          104 37%
CT Gartner            111              28 296%            38          (62) NM
DC CoStar Group            110              49 124%            73            55 33%
CT SS&C Technologies            109              87 25%          118            75 57%
CA Cadence Design Systems            109              77 42%          100            87 15%
 ME  Idexx Labs            107              90 19%          109            92 18%
NC IQVIA Holdings            106              36 194%            53            90 -41%
MA Hologic            104              96 8%            71            72 -1%
OH Sherwin-Williams            102            226 -55%          416          428 -3%
RI CVS Health            102         2,809 -96%       1,899       2,062 -8%
MA IPG Photonics            101            148 -32%          128          161 -20%
NV MGM Resorts Intl              98              41 139%          190          290 -34%
CA Symantec              97            705 -86%            28          (69) NM
PA Teleflex              96              67 43%            55            89 -38%
WI Alliant Energy              93              98 -5%          220          198 11%
OH Worldpay              93            501 -81%            (1)          152 NM
TX Jacobs Engineering Group              92               (7) NM          198          119 66%
CA Fortinet              92              45 104%            71            38 87%
NY Arch Capital Group Ltd              91            259 -65%          282          (37) NM
CO UDR Inc              90              75 20%            20            18 11%
FL WellCare Health Plans              89                9 889%          215          235 -9%
CA Avery Dennison              88            157 -44%          167          147 14%
MO Jack Henry & Associates              88              85 4%          104            97 7%
IL TransUnion              88            100 -12%            79          104 -24%
CA Realty Income Corp              87              64 36%            99            88 13%
MO Ameren Corp              85            141 -40%          464          495 -6%
CA Western Digital              81            774 -90%          583          710 -18%
FL Regency Centers              80              76 5%            71            64 11%
MA Perkin Elmer              79              81 -2%            78          105 -26%
PA Mylan NV              77            327 -76%          192          180 7%
IL LKQ Corp              77            152 -49%          181          181 0%
PA Dentsply Sirona              77           (713) NM            32            98 -67%
FL SBA Communications              73              11 564%            14            53 -74%
GA Rollins Inc              71              69 3%            90            83 8%
 TN  Eastman Chemical              71            186 -62%          459          403 14%
NC Qorvo              71              65 9%            33            36 -8%
DE Incyte Corp              71           (148) NM            31            43 -28%
NC Advance Auto Parts              70              74 -5%          147          144 2%
CO Molson Coors Brewing              69            202 -66%          410          441 -7%
CA Trimble              68              49 39%            64            72 -11%
NY Intl Flavors & Fragrances              66            115 -43%          101          141 -28%
TX Yum China Holdings              65              56 16%          279          272 3%
 MA  Abiomed              65              46 41%            52            32 63%
TN Mid America Apartment Comm              64            129 -50%            55          119 -54%
NY Broadridge Financial              64            104 -38%            89            74 20%
IN Duke Realty              63              54 17%            52            42 24%
FL Fidelity National Financial              62            223 -72%          288          245 18%
NY Take-Two Interactive              60              12 400%            31          (14) NM
OH Steris plc              58              92 -37%            95            87 9%
PA Westinghouse Air Brake Tech              58              75 -23%          103            81 27%
MD FederalRealtyInvestmentTrust              56              53 6%            64          109 -41%
WA Expedia Group              56              76 -26%          612          415 47%
AZ Microchip Technology              55            197 -72%          (39)          186 -121%
MO Evergy Inc              52              75 -31%          422          217 94%
MA Cognex              49              53 -8%            81          113 -28%
CA Digital Realty Trust              47              80 -41%            93            15 520%
IL Arthur J Gallagher & Co              43              29 48%            90            77 17%
CA Chipotle Mexican Grill              43              61 -30%            60            32 88%
AZ Pinnacle West Capital              38              47 -19%          404          425 -5%
AZ GoDaddy              37              86 -57%            13              4 225%
IL Ventas              35            347 -90%            96          149 -36%
MA Vertex Pharmaceutical              32            112 -71%          137        (417) NM
NY ANGI Homeservices              30             (36) NM            32        (113) NM
CA Atlassian Corp              27             (12) NM        (240)          (20) NM
TX Invitation Homes              26             (46) NM              1          (23) NM
GA Equifax              25            172 -85%            39          136 -71%
FL Ultimate Software Group              24              20 20%            17            14 21%
MA PTC Inc              20              23 -13%              1              5 -80%
CO Liberty Broadband              20         2,496 -99%            77          (17) NM
CA Neurocrine Biosciences              19                7 171%            51          (11) NM
NY Bunge Ltd              17                1 1600%          452          121 274%
CA Advanced Micro Devices                3             (31) NM          114            83 37%
MI Autoliv                2            241 -99%          171          151 13%
CA ServiceNow                2             (13) NM              7          (20) NM
WA Tableau Software                2             (40) NM          (11)          (45) NM
 CA  Edwards Lifesciences               (2)            324 -101%          249          212 17%
IN Elanco Animal Health               (2)           (155) NM            79            (9) NM
MA Alkermes               (2)              11 -118%          (34)          (36) NM
IL GrubHub               (5)              25 -120%            22            17 29%
RI Hasbro               (5)            279 -102%          296          350 -15%
CA Dropbox               (7)             (39) NM            (6)          (14) NM
MI Ford Motor             (17)         1,872 -101%       1,094       1,770 -38%
MD Under Armour             (17)             (49) NM          106            52 104%
CA Alexandria Real Estate Equities             (19)              46 -141%          219            60 265%
CA Square Inc             (28)             (16) NM            21          (17) NM
MA Alexion Pharmaceuticals             (33)              89 -137%          342            58 490%
WA Tilray Inc             (36)               (3) NM          (19)            (2) NM
IL Exelon             (37)         1,221 -103%          937       1,316 -29%
OH American Financial Group             (39)            267 -115%          244            29 741%
CA Biomarin Pharmaceuticals             (43)              55 -178%          (19)          (21) NM
CA Twilio             (47)             (19) NM          (27)          (23) NM
 NY  Blackstone Group LP             (49)         1,400 -104%          894          976 -8%
WI Exact Sciences             (54)             (22) NM          (45)          (27) NM
FL Affiliated Managers Group             (64)            264 -124%          250          283 -12%
AZ Carvana             (86)             (47) NM          (64)          (40) NM
NY Thomson Reuters             (87)            142 -161%            70          143 -51%
NJ Newell Brands             (90)              20 -550%     (8,013)          (20) NM
CA Nektar Therapeutics           (100)             (34) NM          (97)            61 -259%
NJ NRG Energy           (105)        (1,437) NM          313          186 68%
WA Zillow Group           (106)           (167) NM          (15)              9 -267%
MI Kellogg           (107)            581 -118%          452          389 16%
 WA  Weyerhaeuser           (114)            374 -130%          240          103 133%
IL CNA Financial           (114)            410 -128%          402          187 115%
NY Icahn Enterprises LP           (129)           (396) NM        (381)          818 -147%
CA Live Nation Entertainment           (130)           (233) NM          200          174 15%
MA Sarepta Therapeutics           (142)             (26) NM          (77)          (46) NM
WA Seattle Genetics           (143)             (87) NM          (67)            50 -234%
MA Wayfair           (143)             (73) NM        (151)          (76) NM
IA Athene Holding Ltd           (147)            487 -130%          706          294 140%
MA bluebird bio           (149)           (117) NM        (145)          (79) NM
KS Sprint Corp           (153)            104 -247%          224            50 348%
FL ADT Inc           (153)             (87) NM        (243)          (69) NM
CA Dexcom           (177)                9 NM            45            (3) NM
AZ Freeport McMoran           (178)         1,329 -113%       1,190          629 89%
CA Snap           (192)           (353) NM        (325)        (455) NM
MA Alnylam Pharmaceuticals           (211)           (142) NM        (245)        (123) NM
NY Loews Corp           (232)            461 -150%          354          264 34%
TX Vistra Energy           (262)           (359) NM          525          524 0%
MA BeiGene Ltd           (275)             (94) NM        (145)          114 -227%
 NY  Apollo Global Mgt LLC           (338)            732 -146%          382          451 -15%
IL Allstate           (364)         1,157 -131%       1,039          971 7%
NJ Bausch Health Cos           (426)           (804) NM        (300)        (400) NM
LA Entergy Corp           (579)            154 -476%          257          643 -60%
OH Cincinnati Financial           (581)            197 -395%          618          129 379%
NY American International Group           (695)            875 -179%     (1,527)     (2,803) NM
NJ Everest Re Group Ltd           (702)            695 -201%          197        (904) NM
MD AGNC Investment Corp           (804)            385 -309%          216          286 -24%
IN Zimmer Biomet           (866)           (124) NM          154          127 21%
NY COTY Inc           (878)            111 -891%          (88)          (41) NM
VA Markel           (930)            144 -746%          519        (360) NM
NY Pfizer           (946)            953 -199%       4,177       3,585 17%
CA Bio-Rad Labs        (1,047)              46 NM          350            31 1029%
NY KKR & Co LP        (1,214)            662 -283%       1,223          397 208%
NY Nielsen Holdings        (1,273)            246 -617%          157          242 -35%
CA Edison Intl        (2,216)           (170) NM          627          432 45%
NY Annaly Capital Management        (2,254)            752 -400%          378          369 2%
LA CenturyLink        (2,365)              54 NM          329          139 137%
IL AbbVie        (2,373)         1,193 -299%       2,761       2,095 32%
NJ Allergan plc        (5,593)           (410) NM          177     (5,587) NM
CA PG&E Corp        (9,634)            226 NM          582          713 -18%
PA Kraft-Heinz      (14,412)         1,331 NM          814       1,359 -40%
NE Berkshire Hathaway      (32,721)         6,391 -612%     23,147       5,630 311%
   
Total 484 Cos With Dec 2018 Quarter Ends     223,599     285,635 -22%   345,776   309,270 12%
January 2019 Quarter Ends
AR Walmart         5,664         2,964 91%       2,576       2,879 -11%
CA Cisco Systems         3,343         3,232 3%       3,909       2,962 32%
GA Home Depot         3,113         2,943 6%       3,646       3,433 6%
MN Medtronic plc         1,370         1,027 33%       1,355       1,728 -22%
MA TJX Cos         1,179         1,112 6%       1,047       1,020 3%
MN Target         1,014         1,012 0%          713          611 17%
MN Best Buy            972            873 11%          330          342 -4%
OH Macy's            966         1,167 -17%            74            37 100%
CA HP Inc            900            905 -1%       1,007          848 19%
CA Applied Materials            888         1,183 -25%          998       1,074 -7%
OH L Brands            711            842 -16%          (41)          135 NM
IL Deere & Co            684            523 31%          988          732 35%
CA Hewlett Packard Enterprises            655           (657) NM          576        (301) NM
TN Dollar General            613            599 2%          418          393 6%
CA VMWare            591            625 -5%          345          413 -16%
CA Ross Stores            547            592 -8%          444          441 1%
MA Analog Devices            400            375 7%          458          382 20%
CA The Gap            365            383 -5%          350          364 -4%
WI Kohls            362            493 -27%          195          183 7%
CA NVIDIA            324         1,078 -70%       1,081          896 21%
CA NetApp            319            504 -37%          293          222 32%
OH Kroger            317           (104) NM          399          604 -34%
WA Nordstrom            310            319 -3%            80          180 -56%
MN Hormel Foods            307            305 1%          322          330 -2%
KY Brown Forman            284            289 -2%          310          331 -6%
IL Ulta Beauty            282            255 11%          171          163 5%
CO Vail Resorts            282            252 12%        (147)        (125) NM
CA Broadcom Ltd            278            795 -65%       1,422          645 120%
NY Tiffany            257            301 -15%          115          150 -23%
CA Agilent Technologies            248            233 6%          244          226 8%
CA Salesforce.com            239            221 8%          128          146 -12%
NJ Burlington Stores            236            223 6%            92            68 35%
CA Intuit            235            193 22%          (14)          (37) NM
TX CoPart            165            144 15%          149          114 31%
OH JM Smucker            157            116 35%          269          292 -8%
CA Synopsys            147            120 23%            52          100 -48%
CA Keysight Technologies            120             (23) NM        (584)            30 NM
NY PVH Corp            105              25 320%          253          250 1%
CA Cooper Cos              94              75 25%          113            97 16%
FL Heico              92              75 23%            99            86 15%
CA Veeva Systems              69              42 64%            68            44 55%
CA AutoDesk              33           (198) NM            12        (111) NM
CA Splunk              14              33 -58%          (54)          (30) NM
CA Palo Alto Networks                2             (24) NM          (42)          (55) NM
CA DocuSign             (65)               (4) NM          (59)          (14) NM
CA Marvell Technology             (69)              59 -217%          (44)          156 -128%
NJ Campbell Soup             (73)            211 -135%          257          382 -33%
CA Workday           (105)             (88) NM        (156)          (84) NM
CA Nutanix           (121)             (61) NM          (98)          (59) NM
TX Dell Technologies           (275)           (623) NM        (995)     (1,092) NM
NC Lowes           (725)            944 -177%          804       1,387 -42%
VA Dollar Tree        (2,194)            692 -417%          340          355 -4%
Total 52 Cos With Jan 2019 Quarter Ends       25,626       26,572 -4%     24,268     23,323 4%
Total all 558 Cos Fourth and Third Quarters     267,060     328,487 -19%   391,147   349,026 12%

And the chart below shows the Gold-Standard US GAAP Total Pretax Income (Loss) From Continuing Operations for the December 2018, the December 2017, the September 2018 and the September 2017 Quarters for each of the 39 US Oil & Gas Cos.

US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Dec Dec Better Sept Sept Better
US US Oil and Gas Cos 2018 2017 (Worse) 2018 2017 (Worse)
State Stock Market Caps > $10 Bil Quarter Quarter % Quarter Quarter %
HQs All Have December 2018 Quarter Ends End End  Change End End  Change
mils $ mils $ mils $ mils $
 TX  Exxon Mobil         8,121         3,017 169%       9,080       5,583 63%
 CA  Chevron         4,898         1,481 231%       5,699       2,658 114%
 TX  Phillips 66         2,918            654 346%       1,975       1,256 57%
 TX  ConocoPhillips         2,672         1,325 102%       2,906          653 345%
TX Concho Resources         1,891           (206) NM        (268)        (179) NM
 OH  Marathon Petroleum Corp         1,632            959 70%       1,163       1,419 -18%
OK Devon Energy         1,484              46 3126%          162          207 -22%
TX Enterprise Products Partners LP         1,331            803 66%       1,346          627 115%
TX Plains All America         1,280            205 524%          700          (11) NM
TX Energy Transfer Operating LP         1,237           (278) NM       1,297          603 115%
 TX  Valero Energy         1,227            765 60%       1,150       1,241 -7%
TX EOG Resources         1,088            413 163%       1,446          146 890%
TX Energy Transfer LP            850           (589) NM       1,341          584 130%
TX Occidental Petroleum            832              66 1161%       2,579          275 838%
TX Kinder Morgan            775            324 139%       1,201          547 120%
TX Schlumberger Ltd            648        (2,210) NM          787          677 16%
TX Baker Hughes GE            474           (147) NM          148        (243) NM
TX Halliburton            458            244 88%          534          496 8%
 OH  MPLX LP            439            239 84%          519          218 138%
TX Pioneer Natural Resources            412              62 565%          529          (34) NM
TX Marathon Oil            406            132 208%          357        (458) NM
CO Cimarex Energy            404            174 132%          193          143 35%
TX Diamondback Energy            392            106 270%          202            83 143%
OK ONEOK            390            316 23%          417          264 58%
TX Anadarko Petroleum            360             (72) NM          683     (1,066) NM
TX Cheniere Energy Partners LP            351            374 -6%          307            23 1235%
TX Cabot Oil & Gas            325           (459) NM          162            25 548%
 OK  Magellan Midstream Partners LP            310            239 30%          596          199 199%
OK Continental Resources            262            234 12%          412            17 2324%
TX Cheniere Energy Inc            235            284 -17%          230            88 161%
TX HollyFrontier            192            371 -48%          478          446 7%
OH Andeavor Logistics LP            171              53 223%          166            90 84%
TX Parsley Energy              82              25 228%          167          (20) NM
NY Hess Corp              61        (2,477) NM          124     (2,567) NM
TX National Oilwell Varco              41           (138) NM            33          (40) NM
TX Targa Resources           (120)              34 -453%          (15)        (253) NM
TX Apache Corp           (344)            278 -224%          406            93 337%
OK Williams Companies           (705)           (478) NM          390          149 162%
TX Noble Energy           (720)            292 -347%          307        (208) NM
Total all 39 US Oil & Gas Cos       36,760         6,461 469%     39,909     13,731 191%