Oklahoma Companies Total Pretax Income Increases By 53% in the First Half of 2019 and Then Plummets To Down 36% in the September 2019 Quarter

There are 26 Oklahoma Companies with stock market caps above $100 mil recently.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for these 26 Oklahoma Companies in the September Quarter, the June Quarter and the March Quarter of both 2019 and 2018.

		US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Sept	Sept			June	June			March	March
		Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Oklahoma Companiess	Oklahoma	2019	2018			2019	2018			2019	2018
Market Caps Above $100 Mil	City HQs	mils $	mils $			mils $	mils $			mils $	mils $
ONEOK	Tulsa	407	417			411	370			415	342
Williams Companies	Tulsa	319	390			422	321			283	325
Paycom Software	Oklahoma City	50	36			52	44			62	52
Magellan Midstream Partners LP	Tulsa	273	596			255	216			209	212
Continental Resources	Oklahoma City	207	412			312	318			238	305
OGE Energy	Oklahoma City	272	235			111	129			41	65
Devon Energy	Oklahoma City	194	(15)			237	(483)			(427)	(245)
BOK Financial	Tulsa	174	152			175	148			140	136
WPX Energy	Tulsa	161	(14)			389	(112)			(62)	(42)
ONE Gas	Tulsa	22	22			31	27			112	116
Semgroup	Tulsa	(9)	6			(19)	(6)			(8)	(10)
Helmerich & Payne	Tulsa	29	21			(187)	2			97	(6)
Enable Midstream Partners LP	Oklahoma City	133	139			124	95			122	114
AAON Inc	Tulsa	14	20			17	15			14	5
BancFirst Corp	Oklahoma City	43	42			44	40			41	37
NGL Energy Partners LP	Tulsa	1	(25)			8	(164)			43	(35)
Alliance Resource Partners LP	Tulsa	39	74			58	86			283	156
Chesapeake Energy	Oklahoma City	(62)	(145)			98	(258)			(335)	18
Matrix Service Co	Tulsa	9	3			17	(17)			13	(6)
Laredo Petroleum	Tulsa	(267)	56			175	33			(10)	87
Pressburg LLC	Oklahoma City	25	(2)			40	(23)			(81)	35
Gulfport Energy	Oklahoma City	(75)	95			56	111			62	90
Unit Corp	Tulsa	(259)	28			(10)	10			(3)	11
Ring Energy	Tulsa	12	6			15	6			9	9
Panhandle Oil & Gas	Oklahoma City	(74)	1			6	(1)			(2)	1
Cypress Energy Partners	Tulsa	6	5			6	4			2	1
Total all 26 Oklahoma Companies		1,644	2,555			2,843	911			1,258	1,773
….. % Change From Prior Year Quarter		-36%
Pretax Income First Half of 2019		4,101
Pretax Income First Half of 2018		2,684
….. % Change From Prior Year Period		53%

When pretax earnings drop so precipitously in the most recent quarter, that signals unhealthy future pay raises for the many already underpaid Oklahoma non-executive employees.

Oklahoma Company non-executive workers really have had the deck stacked against them for decades versus what is going on with the sky-high annual percentage pay and employee benefit raises of their Companies' Top-Tier Executives.

So which 2020 Democratic Presidential candidate could best help close this massive annual percentage pay raise gap between Oklahoma Company Top-Tier executives and their already massively underpaid, hardworking Oklahoma non-executive employees?

More than anything needed to solve this thorny problem is to possess exceptionally strong financial and data science skills, coupled with a keen understanding of how businesses operate.  And you also must have a high degree of  economic fairness. 

Joe Biden, Bernie Sanders, Elizabeth Warren and Amy Klobuchar all have little if any financial acumen, no data science understanding and little if any understanding of how businesses operate.

Further, all four of them worked for the US Government, particularly in the past ten years, when these comparative pay raise results of Top-Tier Executives and non-executive employees were so horrendous, not just in Oklahoma but also in every other US State.  

On the positive side, all four of them have a high degree of economic fairness.

Michael Bloomberg has both the financial acumen and the understanding of how businesses operate.  

But he has no data science expertise. 

Also and most important of all, Bloomberg has a low degree of economic fairness.  In the many years he was accumulating his wealth of $60+ bil, US income inequality expanded dramatically in each year by leaps and bounds.  So, like many US business tycoons with their sole fixation on maximization of Company profits, Bloomberg accumulated his massive wealth on the backs of the declining US middle class and the growing number of people dropped to the lower economic class.  And by his punitively racial "Stop and Frisk" policy, many New York City people of color were physically thrown against the wall.

And while he was accumulating his massive amount of wealth, Bloomberg was against unions.

I think there is only one Democratic Presidential candidate who has the requisite financial acumen, data science skills, understanding of how business operate and economic fairness to help turn the tide around on this massive, continuing US income inequality expansion caused mainly by the massive gap in annual percentage pay raises between executive and non-executive employees  ..... Pete Buttigieg.