United States Oil Fund (USO) Liabilities and Shareholders Equity (2012 - 2026)
United States Oil Fund (USO) recorded Liabilities and Shareholders Equity of $1.9 billion in Q2 2026, up 55.3% from $1.23 billion a year earlier but down 30.6% from the prior quarter.
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Analysis
United States Oil Fund (USO) Liabilities and Shareholders Equity (2012 - 2026) Analysis & Trends
At the end of FY2025, United States Oil Fund reported Liabilities and Shareholders Equity of $889.62 million, down 19.1% from FY2024.
- Annual Liabilities and Shareholders Equity has declined for five straight years, with a five-year compound annual growth rate of -24.9% (FY2020 to FY2025).
- Across earlier years, Liabilities and Shareholders Equity came in at $1.1 billion in FY2024 (-30.7%), $1.59 billion in FY2023 (-20.0%), $1.98 billion in FY2022 (-16.7%) and $2.38 billion in FY2021 (-35.9%).
- Quarterly Liabilities and Shareholders Equity has ranged from $889.62 million in Q4 2025 to $3.43 billion in Q1 2022 over the past five years.
- On a year-over-year basis, Liabilities and Shareholders Equity rose in two of the last eight quarters, with growth averaging 11.2%.
- Peak year-over-year performance for Liabilities and Shareholders Equity in the last five years was growth of 159.9% in Q1 2026, against a decline of 52.3% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.74 billion (Q1 2026), $889.62 million (Q4 2025) and $902.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 175.88 Bn |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | 130.10 Bn |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 49.89 Bn |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | 15.39 Bn |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 414.46 Bn |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 20.08 Bn |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 494.05 Bn |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | 12.16 Bn |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | 8.92 Bn |
| 10 | United States Oil Fund | 2.16 Bn | -2.50 Bn | - | 1.90 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.90 Bn |
| Mar 31, 2026 | 2.74 Bn |
| Dec 31, 2025 | 889.62 Mn |
| Sep 30, 2025 | 902.87 Mn |
| Jun 30, 2025 | 1.23 Bn |
| Mar 31, 2025 | 1.06 Bn |
| Dec 31, 2024 | 1.10 Bn |
| Sep 30, 2024 | 1.42 Bn |
| Jun 30, 2024 | 1.28 Bn |
| Mar 31, 2024 | 1.46 Bn |
| Dec 31, 2023 | 1.59 Bn |
| Sep 30, 2023 | 1.53 Bn |
| Jun 30, 2023 | 1.59 Bn |
| Mar 31, 2023 | 1.64 Bn |
| Dec 31, 2022 | 1.98 Bn |
| Sep 30, 2022 | 1.99 Bn |
| Jun 30, 2022 | 2.77 Bn |
| Mar 31, 2022 | 3.43 Bn |
| Dec 31, 2021 | 2.38 Bn |
| Sep 30, 2021 | 2.73 Bn |
API Access
United States Oil Fund Liabilities and Shareholders 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=liabilities-and-shareholders-equity&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-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=liabilities-and-shareholders-equity&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();