USO on NYSE

United States Oil Fund, LP

American commodity contracts brokers and dealers company based in Walnut Creek. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerUSO on NYSE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersWalnut Creek, United States2
  • Incorporated inDE3
  • Business address1850 Mt. Diablo Blvd., Suite 640, Walnut Creek, Ca 945963
  • Filer categoryLarge accelerated filer3
  • Legal formFUND2
  • Kind of organizationFund2
  • LEIZR7XWIN3GSRDDWZ9V4462
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00013270682

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The United States Oil Fund, LP (“USO”) is a Delaware limited partnership organized on May 12, 2005. USO maintains its main business office at 1850 Mt. Diablo Boulevard, Suite 640, Walnut Creek, California 94596. USO is a commodity pool that issues limited partnership interests (“shares”) traded on the NYSE Arca, Inc. (the “NYSE Arca”). USO’s shares began trading on April 10, 2006. It operates pursuant to the terms of the Seventh Amended and Restated Agreement of Limited Partnership dated as of December 15, 2017 (as amended from time to time, the “LP Agreement”), which grants full management control to its general partner, United States Commodity Funds LLC (“USCF”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

115.0%Net margin5
-124.2%Revenue growth, 20255

Financial statements

Revenue67895-$56.2M in 2025
-$2.0B-$1.0B0$1.0B$2.0B2019: $484.8M$484.8M20192020: -$1.9B-$1.9B20202021: $1.6B$1.6B20212022: $800.7M$800.7M2022−51%2023: -$34.9M-$34.9M20232024: $231.9M$231.9M20242025: -$56.2M-$56.2M2025
Net income67895-$64.7M in 2025
-$2.0B-$1.0B0$1.0B$2.0B2019: $473.5M$473.5M20192020: -$1.9B-$1.9B20202021: $1.6B$1.6B20212022: $785.2M$785.2M2022−51%2023: -$46.0M-$46.0M20232024: $221.1M$221.1M20242025: -$64.7M-$64.7M2025

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.5

Period ending2025-12-312024-12-312023-12-31
Realized gain (loss) on closed commodity futures contracts-$41.2M$121.1M-$63.5M
Realized gain (loss) on swap contracts-$18.4M$22.2M-$24.3M
Change in unrealized gain (loss) on open commodity futures contracts-$36.3M$25.4M-$19.1M
Change in unrealized gain (loss) on open OTC commodity swap contracts$966.1K-$162$2.2K
Dividend income$22.6M$22.2M$18.7M
Interest income$15.9M$40.6M$53.0M
ETF transaction fees$320.8K$386.0K$374.0K
Total Income (Loss)-$56.2M$231.9M-$34.9M
General Partner management fees (Note 3)$4.4M$5.9M$7.1M
Professional fees$2.1M$2.7M$2.2M
Brokerage commissions$1.5M$1.5M$860.1K
Directors' fees and insurance$338.0K$426.5K$723.1K
License fees$147.0K$197.4K$237.9K
Total Expenses$8.5M$10.8M$11.1M
Net Income (Loss)-$64.7M$221.1M-$46.0M
Net Income (Loss) per limited partner share-$6$9-$3
Net Income (Loss) per weighted average limited partner share-$5$12-$2
Weighted average limited partner shares outstanding13.4M shares17.7M shares23.0M shares

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Leadership

Who has led United States Oil Fund, LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Nicholas Daniel Gerber2006–2007
  2. John P. Love2015

Chair

  1. Nicholas Daniel Gerber2006–2007

President

  1. Nicholas Daniel Gerber2006–2007
  2. John P. Love2015

Chief financial officer

  1. Howard Mah2007
  2. Stuart P. Crumbaugh2015
2010201520202025
Board members and other officers (11)

Former names

  • New York Oil ETF, LPMay 16, 2005 to Jul 26, 20053

Timeline

  1. Jul 24, 2015New chief executive John P. Love becomes CEO13
  2. Apr 20, 2006New chief executive Nicholas Daniel Gerber becomes CEO14
  3. May 12, 2005Founded United States Oil Fund, LP is founded2

Filings

138 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 81 major events, 4 insider forms, 33 other. The latest 20:

  1. Sep 29, 20268-K EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 16, 20264 PRIMARY DOCUMENT EDGAR
  5. Sep 16, 20263 PRIMARY DOCUMENT EDGAR
  6. Aug 28, 20268-K EDGAR
  7. Aug 7, 202610-Q EDGAR
  8. Jul 29, 20268-K EDGAR
  9. Jun 29, 20268-K EDGAR
  10. May 28, 20268-K EDGAR
  11. May 14, 2026POS EX EDGAR
  12. May 8, 202610-Q EDGAR
  13. Apr 29, 20268-K EDGAR
  14. Apr 24, 2026424B3 EDGAR
  15. Mar 30, 2026424I EDGAR
  16. Mar 27, 20268-K EDGAR
  17. Mar 27, 20268-K EDGAR
  18. Mar 20, 20268-K EDGAR
  19. Feb 27, 202610-K EDGAR
  20. Feb 27, 20268-K EDGAR

The 138 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 3 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026HRT FINANCIAL LP10% ownerBuy43,638$155.30$6.8MForm 4
Sep 16, 2026HRT FINANCIAL LP10% ownerSale17,023$157.58$2.7MForm 4
Sep 15, 2026HRT FINANCIAL LP10% ownerSale1,218$160.76$195.8KForm 4
Sep 14, 2026HRT FINANCIAL LP10% ownerBuy101,212$158.02$16.0MForm 4
Sep 11, 2026HRT FINANCIAL LP10% ownerBuy3,983$154.35$614.8KForm 4
Sep 11, 2026HRT FINANCIAL LP10% ownerSale77,112$153.79$11.9MForm 4

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Goldman Sachs Group Inc6,670,175$710.0M0.1%+266,748
Morgan Stanley3,424,493$364.5M0.0%+1,218,912
Healthcare Of Ontario Pension Plan Trust Fund1,100,000$117.1M0.2%New
UBS Group AG569,929$60.7M0.0%+378,797
CIBC Bancorp USA Inc.550,337$58.6M0.1%−218,800
Simplex Trading, LLC490,737$52.2M1.4%+160,949
Cibc World Market Inc.400,788$42.7M0.1%New
Bank Of America Corp /de/388,647$41.4M0.0%+244,766
Quadrature Capital Ltd329,759$35.1M0.3%+90,644
Citigroup Inc311,726$33.2M0.0%+302,576
E Fund Management Co., Ltd.152,170$16.2M0.4%+35,711
Mirae Asset Securities (usa) Inc.150,438$16.0M0.7%+50,357
Divisadero Street Capital Management, LP142,500$15.2M0.4%New
Jane Street Group, LLC99,337$10.6M0.0%−1,087,120
Barclays PLC92,918$9.9M0.0%−320,729
Cetera Investment Advisers74,260$7.9M0.0%+12,090
Group One Trading LLC53,218$5.7M0.2%−11,359
Royal Bank Of Canada48,438$5.2M0.0%+28,914
Marathon Trading Investment Management LLC42,797$4.6M0.5%+30,358
Centiva Capital, LP39,800$4.2M0.1%New
Victory Capital Management Inc39,084$4.2M0.0%−6,366
Irenic Capital Management LP38,500$4.1M0.3%New
WealthCare Asset Management, LLC36,274$3.9M1.6%New
Susquehanna International Group, Llp35,068$3.7M0.0%−159,129
Envestnet Asset Management Inc34,912$3.7M0.0%+5,969

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 25, 2022Dan CrenshawRepublican, HouseBuy$1,001 - $15,000+22.3%Report
Apr 20, 2020Adam Kinzinger, HouseBuy$1,001 - $15,000+250.3%Report
Apr 20, 2020Adam Kinzinger, HouseSale$1,001 - $15,000−250.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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