United States Oil Fund (USO) Market Capitalization (2009 - 2026)
United States Oil Fund (USO) reported Market Capitalization of $1.58 billion for Q2 2026, up 51.4% from $1.04 billion a year earlier but down 21.9% from the prior quarter.
Powered by 
Analysis
United States Oil Fund (USO) Market Capitalization (2009 - 2026) Analysis & Trends
For FY2025, United States Oil Fund posted Market Capitalization of $1.03 billion, down 23.5% from FY2024.
- Market Capitalization has declined for five consecutive years, with a five-year compound annual growth rate of -23.0% (FY2020 to FY2025).
- By year, Market Capitalization came in at $1.34 billion in FY2024 (-12.5%), $1.53 billion in FY2023 (-38.1%), $2.47 billion in FY2022 (-30.3%) and $3.55 billion in FY2021 (-6.2%).
- Five-year quarterly Market Capitalization spans a low of $975.24 million in Q3 2025 and a high of $3.55 billion in Q4 2021.
- Year over year, Market Capitalization gained in two of the last eight quarters, with growth averaging 0.7%.
- The high point for year-over-year Market Capitalization in five years was Q1 2026 (growth of 96.8%); the low point was Q2 2023 (a decline of 47.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.02 billion (Q1 2026), $1.03 billion (Q4 2025) and $975.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn |
| 10 | United States Oil Fund | 2.13 Bn | -2.53 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.58 Bn |
| Mar 31, 2026 | 2.02 Bn |
| Dec 31, 2025 | 1.03 Bn |
| Sep 30, 2025 | 975.24 Mn |
| Jun 30, 2025 | 1.04 Bn |
| Mar 31, 2025 | 1.03 Bn |
| Dec 31, 2024 | 1.34 Bn |
| Sep 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 1.36 Bn |
| Mar 31, 2024 | 1.46 Bn |
| Dec 31, 2023 | 1.53 Bn |
| Sep 30, 2023 | 1.85 Bn |
| Jun 30, 2023 | 1.29 Bn |
| Mar 31, 2023 | 1.51 Bn |
| Dec 31, 2022 | 2.47 Bn |
| Sep 30, 2022 | 1.95 Bn |
| Jun 30, 2022 | 2.44 Bn |
| Mar 31, 2022 | 2.68 Bn |
| Dec 31, 2021 | 3.55 Bn |
| Sep 30, 2021 | 2.97 Bn |
API Access
United States Oil Fund Market Capitalization 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=market-capitalization&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();