United States Oil Fund (USO) Common Equity (2010 - 2026)
United States Oil Fund's Common Equity was $1.75 billion in Q2 2026, up 55.2% from $1.13 billion a year earlier but down 33.7% from the prior quarter.
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Analysis
United States Oil Fund (USO) Common Equity (2010 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at United States Oil Fund came in at $886.08 million, down 18.6% from FY2024.
- Common Equity has now declined for five consecutive years, with a five-year compound annual growth rate of -24.6% (FY2020 to FY2025).
- In earlier years, Common Equity was $1.09 billion in FY2024 (-30.6%), $1.57 billion in FY2023 (-20.7%), $1.98 billion in FY2022 (-16.7%) and $2.37 billion in FY2021 (-34.5%).
- Quarterly Common Equity has moved between $884.67 million (Q3 2025) and $3.21 billion (Q1 2022) over five years.
- Compared with a year earlier, Common Equity was higher in two of the last eight quarters, with growth averaging 11.1%.
- The best year-over-year quarter for Common Equity over five years was Q1 2026 (growth of 170.8%); the worst was Q1 2023 (a decline of 49.3%).
- Per Business Quant data, USO's Common Equity in the three quarters before Q2 2026 was $2.64 billion (Q1 2026), $886.08 million (Q4 2025) and $884.67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 174.92 Bn | 121.05 Bn | - | 57.84 Bn |
| 2 | Spdr Gold Trust | 136.71 Bn | -421.29 Bn | - | 130.05 Bn |
| 3 | Blackstone | 88.22 Bn | 78.20 Bn | - | 21.06 Bn |
| 4 | Brookfield | 83.92 Bn | -99.40 Bn | - | 4.09 Bn |
| 5 | Kkr | 79.85 Bn | -3.72 Mn | - | 77.38 Bn |
| 6 | Brookfield Asset Management | 73.42 Bn | 68.22 Bn | - | 9.19 Bn |
| 7 | Apollo Global Management | 65.92 Bn | -16.87 Bn | 10.56 Bn | 41.48 Bn |
| 8 | Wheaton Precious Metals | 59.50 Bn | 54.92 Bn | 687.86 Mn | 9.69 Bn |
| 9 | Franco Nevada | 46.38 Bn | 43.74 Bn | 451.00 Mn | 8.24 Bn |
| 10 | United States Oil Fund | 2.36 Bn | -2.29 Bn | - | 1.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.75 Bn |
| Mar 31, 2026 | 2.64 Bn |
| Dec 31, 2025 | 886.08 Mn |
| Sep 30, 2025 | 884.67 Mn |
| Jun 30, 2025 | 1.13 Bn |
| Mar 31, 2025 | 976.45 Mn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 1.34 Bn |
| Jun 30, 2024 | 1.26 Bn |
| Mar 31, 2024 | 1.42 Bn |
| Dec 31, 2023 | 1.57 Bn |
| Sep 30, 2023 | 1.53 Bn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.63 Bn |
| Dec 31, 2022 | 1.98 Bn |
| Sep 30, 2022 | 1.95 Bn |
| Jun 30, 2022 | 2.65 Bn |
| Mar 31, 2022 | 3.21 Bn |
| Dec 31, 2021 | 2.37 Bn |
| Sep 30, 2021 | 2.61 Bn |
API Access
United States Oil Fund Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "USO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();