USONYSE$135.2967

United States Oil Fund, LP

Integrated Oil & GasRules + LLM

United States Oil Fund, LP (USO) is currently classified as Integrated Oil & Gas within Integrated Oil & Gas (Energy). Classification confidence: 0.89 via static-rules-local-model-support. Capital structure on the latest snapshot: total assets 889,618,360 USD, total equity 0, short-term debt 0, long-term debt 0. Net cash position is approximately 651,873,522 USD. Profitability profile: revenue -56,201,422, gross profit 0, operating income 0, net income -64,657,517. Return on assets ~-7.3%. Operating-cash-flow to net-income ratio is 0.34. Risk profile from automated assessment: liquidity risk low, dilution risk unknown. Flags: Dilution risk could not be assessed (basic + diluted share counts missing).. Comparable peers identified within the same class: Chevron, Shell, BP.

30-day price · USO-7.24 (-4.9%)

Low$140.23High$152.83Close$142.02As of22 May, 00:00 UTC

Profile

CompanyUnited States Oil Fund, LP

ExchangeNYSE

TickerUSO

CIK0001327068

SICCommodity Contracts Brokers & Dealers

SectorEnergy

BusinessOil & Gas

Industry groupOil & Gas

IndustryIntegrated Oil & Gas

AI analysis

Business. United States Oil Fund, LP is classified under Energy / Integrated Oil & Gas and appears not currently profitable on the latest normalized snapshot.

Classification. Classification confidence is 0.89 using static-rules-local-model-support; matched terms: oil, gas.

Key takeaways

Likely peers from the same classification include Chevron, Shell, BP.

Financial snapshot

PeriodFY2025

CurrencyUSD

Revenue-$56.2M

Gross profit—

Operating income—

Net income-$64.7M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow-$21.9M

CapEx—

Free cash flow—

Total assets$889.6M

Total liabilities$3.5M

Total equity—

Cash & equivalents$651.9M

Long-term debt—

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY2025-$56.2M—-$64.7M—

FY2025$25.6M—$23.5M—

FY2025-$70.8M—-$73.0M—

FY2025$42.4M—$40.3M—

FY2024$231.9M—$221.1M—

PeriodGross %Op %Net %FCF %

FY2025————

FY2024————

PeriodAssetsEquityCashDebt

FY2025$889.6M—$651.9M—

FY2025————

FY2024$1.10B—$727.5M—

PeriodOCFCapExFCFSBC

FY2025-$21.9M———

FY2025————

FY2024$175.7M———

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

Q3 2025-$2.9M—-$9.2M—

Q2 2025-$28.4M—-$32.7M—

Q1 2025$42.4M—$40.3M—

Q1 2025————

PeriodGross %Op %Net %FCF %

Q3 2025————

Q2 2025————

Q1 2025————

PeriodAssetsEquityCashDebt

Q3 2025$902.9M—$700.6M—

Q2 2025$1.23B—$946.4M—

Q1 2025$1.06B—$783.0M—

Q1 2025$1.10B—$727.5M—

PeriodOCFCapExFCFSBC

Q3 2025$28.2M———

Q2 2025$55.5M———

Q1 2025$25.1M———

Q1 2025————

Valuation

Market price$135.29

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$886.1M

Net cash$651.9M

Current ratio—

Debt/Equity—

ROA-7.3%

ROE—

Cash conversion34.0%

CapEx/Revenue—

SBC/Revenue—

Asset intensity—

Dilution ratio—

Risk assessment

Dilution riskUnknown

Liquidity riskLow

Dilution risk could not be assessed (basic + diluted share counts missing).

Industry benchmarks

Activity: Integrated Oil & Gas · cohort 13 companies

MetricUSOActivity

Op margin—34.6% medp25 5.3% · p75 45.5%

Net margin115.0%15.1% medp25 8.7% · p75 115.0%above median

Gross margin—18.1% medp25 8.1% · p75 36.0%

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue—8.5% medp25 8.5% · p75 10.7%

Debt / equity—13.2% medp25 13.2% · p75 33.1%

Observations

Competitor context

CVXChevronUSPeer

Derived from classification anchor Integrated Oil & Gas.

oil, gas

SHELShellUSPeer

Derived from classification anchor Integrated Oil & Gas.

oil, gas

BPBPUSPeer

Derived from classification anchor Integrated Oil & Gas.

oil, gas

Source: analysis-pipeline (hybrid)Generated: 2026-04-27 19:05 UTCJob: bb62ce53