Thursday, August 13, 2020

The 16 Largest Texas Oil & Gas Companies Posted Total Pretax Income of $111 Bil in 2008, the Year Before the Obama Administration Took Office. These Total Pretax Earnings Declined By a Massive $115 Bil to Total Pretax Losses of $4 Bil in 2016. Barack Obama Was Not Exactly the Fossil Fuel US President. But Dick Cheney Was Clearly the Fossil Fuel US Vice President.

From a review of SEC filings and Google Finance, there were 16 Texas Oil & Gas Companies with stock market caps of above $10 bil recently and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019). 

 The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 16 largest Texas Oil & Gas Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.
Annual Audited Audited Audited
Audited Pretax Pretax Pretax
Financial Income Income Income
Texas Sts (Loss) (Loss) (Loss)
Texas Oil & Gas Companies City State 2019 FYE FYE FYE
Stock Market Caps Above $10 Bil HQs HQs FYE 2019 2016 2008
 $ mils  $ mils  $ mils
Exxon Mobil Irving TX Dec 19           20,056             7,969           83,379
ConocoPhillips Houston TX Dec 19             9,524           (5,530)           (2,860)
Energy Transfer Operating LP Dallas TX Dec 19             5,386                656                214
Energy Transfer LP Dallas TX Dec 19             5,094                204                684
Enterprise Products Partners LP Houston TX Dec 19             4,733             2,576             1,176
Phillips 66 Houston TX Dec 19             4,178             2,191             4,114
EOG Resources Houston TX Dec 19             3,545           (1,558)             3,747
Valero Energy San Antonio TX Dec 19             3,486             3,182                284
Kinder Morgan Houston TX Dec 19             3,165             1,638           (2,898)
Pioneer Natural Resources Irving TX Dec 19                987              (959)                301
Cheniere Energy Inc Houston TX Dec 19                715              (663)              (382)
Occidental Petroleum Houston TX Dec 19                186           (1,664)           12,176
Concho Resources Midland TX Dec 19              (859)           (2,338)                428
Cheniere Energy Partners LP Houston TX Dec 19              (865)              (171)                (78)
Halliburton Houston TX Dec 19           (1,122)           (7,625)             3,849
Schlumberger Ltd Houston TX Dec 19         (10,418)           (1,905)             6,852
Total all 16 with Market Caps Above $10 Bil           47,791           (3,997)         110,986


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