Thursday, August 9, 2018

All 41 Largest US Oil & Gas Cos With Stock Market Caps Above $10 Bil Generated June 2018 Quarter Total Pretax Income (PTI) of $29.273 Bil, Up an Off-the-Charts 324% From Their Total PTI of $6.908 Bil in the June 2017 Quarter. This 324% Earnings Growth Was a Spectacular Earnings Growth Acceleration From Their Already Exceptional 52% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter ........................................................................................

Of These 41 Largest US Oil & Gas Cos, the 30 HQed in Texas Generated June 2018 Quarter Total Pretax Income (PTI) of $21.145 Bil, Up a Spectacularly Off-the-Charts 591% From Their Total PTI of $3.062 Bil in the June 2017 Quarter. This 591% Earnings Growth Was a Spectacularly Off-the-Charts Earnings Growth Acceleration From Their Already Exceptional 77% Earnings Growth in the March 2018 Quarter Over the March 2017 Quarter 
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As Goes US Oil & Gas Companies, So Goes Russia's Oil & Gas-Driven Economy in Lockstep. This Is Why Russia Will Be Even More Aggressive With Their Cyber Attacks in the November 2018 US Elections

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Actions of the Trump Administration and of the US Congress Have Substantially and Quickly Helped Turn Around Russia's Previously Oil & Gas-Driven Weak Economy Into a Strong One

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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 for the 41 Largest US Oil & Gas Companies with June Quarter Ends and which have stock market caps above $10 Bil in April 2018.

US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income % Income Income %
(Loss) (Loss) Change (Loss) (Loss) Change
US Oil & Gas Company June Qtr June Qtr Better March Qtr March Qtr Better
Market Caps Above $10 Bil 2018 2017 (Worse) 2018 2017 (Worse)
mils $ mils $ mils $ mils $
Texas Oil & Gas Cos
Exxon Mobil       6,512       4,156 57%       7,240       5,918 22%
ConocoPhillips       2,619     (4,361) 160%       1,776        (232) 866%
Phillips 66       1,835          797 130%          717          797 -10%
Occidental Petroleum       1,150          792 45%       1,047          195 437%
Valero Energy       1,124          768 46%          731          433 69%
EOG Resources          893            62 1340%          813            39 1985%
Andeavor          749          143 424%          288          108 167%
Energy Transfer Equity LP          727          347 110%          716          368 95%
Enterprise Products Partners LP          706          675 5%          917          777 18%
Energy Transfer Partners LP          671          375 79%          839          448 87%
Halliburton          633            (1) 63400%          189          (57) 432%
Schlumberger Ltd          547            17 3118%          643          334 93%
Apache Corp          508              9 5544%          388          538 -28%
HollyFrontier          480          106 353%          374          (55) 780%
Spectra Energy Partners          398          372 7%          423          359 18%
Diamondback Energy          295          166 78%          225          143 57%
Cheniere Energy Partners LP          281            46 511%          335            47 613%
Concho Resources          177          245 -28%       1,089       1,021 7%
Targa Resources          154          (35) 540%            48          (39) 223%
Andeavor Logistics LP          148          111 33%          139            92 51%
Cheniere Energy Inc          147            22 568%          615          172 258%
Anadarko Petroleum          142        (372) 138%          300        (178) 269%
Marathon Oil          140        (112) 225%          524          (16) 3375%
Plains All America            84          199 -58%          349          510 -32%
Pioneer Natural Resources            82          354 -77%          228          (73) 412%
Cabot Oil & Gas            55            37 49%          157          169 -7%
National Oilwell Varco            30          (91) 133%          (63)        (133) 53%
Baker Hughes GE            24          (30) 180%        (105)            74 -242%
Noble Energy            10     (2,334) 100%          543            59 820%
Kinder Morgan        (176)          599 -129%          706          691 2%
Total 30 Texas Oil & Gas Cos     21,145       3,062 591%     22,191     12,509 77%
Oklahoma Oil & Gas Cos
Williams Partners LP          449          349 29%          384          663 -42%
ONEOK          370          220 68%          342          241 42%
Williams Companies          321          258 24%          325          606 -46%
Continental Resources          318        (101) 415%          305              6 4983%
Magellan Midstream Partners LP          211          216 -2%          212          224 -5%
Devon Energy        (481)          207 -332%        (181)          325 -156%
Total 6 Oklahoma Oil&Gas Cos       1,188       1,149 3%       1,387       2,065 -33%
Ohio Oil & Gas Cos
Marathon Petroleum Corp       1,516          824 84%          257          142 81%
MPLX LP          457          193 137%          427          187 128%
Total 2 Ohio Oil & Gas Cos       1,973       1,017 94%          684          329 108%
California Oil & Gas Co
Chevron       4,905       1,953 151%       5,073       3,129 62%
Pennsylvania Oil & Gas Co
EQT Corp            35          152 -77%     (1,784)          351 -608%
New York Oil & Gas Co
Hess Corp            27        (425) 106%              8        (309) 103%
Total all 41 US Oil & Gas Cos     29,273       6,908 324%     27,559     18,074 52%