| Market Capitalization (Millions $) |
2,090 |
| Shares
Outstanding (Millions) |
15 |
| Employees |
2 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
1,472 |
| Cash Flow (TTM) (Millions $) |
1,037 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
The United States Oil Fund, LP (“USO”) is a Delaware limited partnership
organized on May 12, 2005. USO maintains its main business office at 1999 Harrison
Street, Suite 1530, Oakland, California 94612. USO is a commodity pool that issues
limited partnership interests (“shares”) traded on the NYSE Arca,
Inc. (the “NYSE Arca”). It operates pursuant to the terms of the Sixth
Amended and Restated Agreement of Limited Partnership dated as of March 1, 2013
(as amended from time to time, the “LP Agreement”), which grants full
management control to its general partner, United States Commodity Funds LLC (“USCF”).
The investment objective of USO is for the daily changes in percentage terms of
its shares’ per share net asset value (“NAV”) to reflect the
daily changes in percentage terms of the spot price of light, sweet crude oil
delivered to Cushing, Oklahoma, as measured by the daily changes in the price
of the futures contract for light, sweet crude oil traded on the New York Mercantile
Exchange (the “NYMEX”), that is the near month contract to expire,
except when the near month contract is within two weeks of expiration, in which
case it will be measured by the futures contract that is the next month contract
to expire, less USO’s expenses. It is not the intent of USO to be operated
in a fashion such that the per share NAV will equal, in dollar terms, the spot
price of light, sweet crude oil or any particular futures contract based on light,
sweet crude oil. It is not the intent of USO to be operated in a fashion such
that its per share NAV will reflect the percentage change of the price of any
particular futures contract as measured over a time period greater than one day.
USCF believes that it is not practical to manage the portfolio to achieve such
an investment goal when investing in Oil Futures Contracts (as defined below)
and Other Oil-Related Investments (as defined below). USO’s shares began
trading on April 10, 2006. USCF is the general partner of USO and is responsible
for the management of USO.
Company Address: 1850 Mt. Diablo Boulevard, Suite 640 Walnut Creek 94596 CA
Company Phone Number: 522-9600 Stock Exchange / Ticker: NYSEArca USO
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