United States Oil Fund (USO) Shares Outstanding (Entity) (2009 - 2026)
United States Oil Fund's Shares Outstanding (Entity) was 14.82 million in Q2 2026, up 4.0% from 14.26 million a year earlier but down 6.6% from the prior quarter.
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Analysis
United States Oil Fund (USO) Shares Outstanding (Entity) (2009 - 2026) Analysis & Trends
From Q2 2009 onward, United States Oil Fund has reported Shares Outstanding (Entity) for 69 quarters.
- Shares Outstanding (Entity) has now declined for five consecutive years, with a five-year compound annual growth rate of -33.6% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Entity) was 17.73 million in FY2024 (-22.8%), 22.96 million in FY2023 (-34.9%), 35.28 million in FY2022 (-46.0%) and 65.29 million in FY2021 (-43.1%).
- Quarterly Shares Outstanding (Entity) has moved between 13.22 million (Q3 2025) and 65.29 million (Q4 2021) over five years.
- Compared with a year earlier, Shares Outstanding (Entity) was higher in two of the last eight quarters, with an average decline of 13.6%.
- The best year-over-year quarter for Shares Outstanding (Entity) over five years was Q1 2026 (growth of 19.6%); the worst was Q3 2021 (a decline of 61.8%).
- Per Business Quant data, USO's Shares Outstanding (Entity) in the three quarters before Q2 2026 was 15.87 million (Q1 2026), 14.82 million (Q4 2025) and 13.22 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.03 Bn | 110.39 Bn | - | 155.00 Mn |
| 2 | Spdr Gold Trust | 134.08 Bn | -423.92 Bn | - | 352.00 Mn |
| 3 | Blackstone | 84.38 Bn | 79.31 Bn | - | 752.60 Mn |
| 4 | Brookfield | 81.99 Bn | -83.40 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.98 Bn | 48.46 Bn | - | 897.78 Mn |
| 6 | Brookfield Asset Management | 71.20 Bn | 67.45 Bn | - | 1.60 Bn |
| 7 | Apollo Global Management | 66.86 Bn | 4.54 Bn | 10.56 Bn | 575.97 Mn |
| 8 | Wheaton Precious Metals | 60.68 Bn | 56.11 Bn | 687.86 Mn | - |
| 9 | Franco Nevada | 45.90 Bn | 43.27 Bn | 451.00 Mn | - |
| 10 | United States Oil Fund | 2.16 Bn | -2.50 Bn | - | 14.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.82 Mn |
| Mar 31, 2026 | 15.87 Mn |
| Dec 31, 2025 | 14.82 Mn |
| Sep 30, 2025 | 13.22 Mn |
| Jun 30, 2025 | 14.26 Mn |
| Mar 31, 2025 | 13.27 Mn |
| Dec 31, 2024 | 17.73 Mn |
| Sep 30, 2024 | 16.98 Mn |
| Jun 30, 2024 | 17.12 Mn |
| Mar 31, 2024 | 18.52 Mn |
| Dec 31, 2023 | 22.96 Mn |
| Sep 30, 2023 | 22.82 Mn |
| Jun 30, 2023 | 20.22 Mn |
| Mar 31, 2023 | 22.72 Mn |
| Dec 31, 2022 | 35.28 Mn |
| Sep 30, 2022 | 29.92 Mn |
| Jun 30, 2022 | 30.32 Mn |
| Mar 31, 2022 | 36.12 Mn |
| Dec 31, 2021 | 65.29 Mn |
| Sep 30, 2021 | 56.45 Mn |
API Access
United States Oil Fund Shares Outstanding (Entity) 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=shares-outstanding-entity&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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=shares-outstanding-entity&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();