United States Oil Fund, LP

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

Corporate structure

United States Oil Fund, LP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What United States Oil Fund, LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

Leadership

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

• Chief executive officerJohn P. Love Jul 24, 2015 to Jul 24, 2015¹³
• Chief executive officerNicholas Daniel Gerber Apr 20, 2006 to Feb 9, 2007¹⁴
• ChairNicholas Daniel Gerber Apr 20, 2006 to Feb 9, 2007¹⁴
• PresidentJohn P. Love Jul 24, 2015 to Jul 24, 2015¹³
• PresidentNicholas Daniel Gerber Apr 20, 2006 to Feb 9, 2007¹⁴
• Chief financial officerStuart P. Crumbaugh Jun 23, 2015 to Jun 23, 2015¹⁵
• Chief financial officerHoward Mah Feb 9, 2007 to Feb 9, 2007¹⁶

Former names

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

Timeline

1. Sep 29, 20268-K Regulation FD disclosure²⁶
2. Sep 25, 20268-K Entered a material agreement²⁷
3. Aug 28, 20268-K Regulation FD disclosure²⁸
4. Jul 29, 20268-K Regulation FD disclosure²⁹
5. Jun 29, 20268-K Regulation FD disclosure³⁰
6. May 28, 20268-K Regulation FD disclosure³¹
7. Apr 29, 20268-K Regulation FD disclosure³²
8. Mar 27, 20268-K Regulation FD disclosure³³
9. Mar 27, 20268-K Regulation FD disclosure³⁴
10. Mar 20, 20268-K Regulation FD disclosure³⁵
11. Feb 27, 20268-K Regulation FD disclosure³⁶
12. Jan 29, 20268-K Regulation FD disclosure³⁷
13. Jul 24, 2015New chief executive John P. Love becomes CEO¹³
14. Apr 20, 2006New chief executive Nicholas Daniel Gerber becomes CEO¹⁴
15. May 12, 2005Founded United States Oil Fund, LP is founded²

Filings

140 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 81 major events, 4 insider forms, 2 large holders, 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

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.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Bank of MontrealSC 13G/A, 2 filings Feb 6, 2023 to Feb 9, 2024³⁸

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.

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.

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

SEC filer profile

How United States Oil Fund, LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARUnited States Oil Fund, LP¹
• CIK0001327068
• Employer ID (EIN)20-2830691⁴
• Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)6221 Commodity Contracts Brokers & Dealers¹
• SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance¹
• Business address1850 Mt. Diablo Blvd., Suite 640, Walnut Creek, CA 94596¹
• Phone510-522-9600¹
• Shares outstanding14,823,603 as of Aug 4, 2026¹¹
• Public float$1.2B as of Jun 30, 2025⁴
• AuditorCOHEN & COMPANY, LTD, Philadelphia, Pennsylvania PCAOB ID 925; it also attests to the company’s internal control over financial reporting⁴
• On EDGAR sinceMay 16, 2005¹
• Filings643 in all: 8-K (343), 10-Q (62), 424B3 (59), S-3/A (23), UPLOAD (22), 10-K (20), EFFECT (19), 3 (15)¹
  All 30 form types

  CORRESP (15), S-3 (14), 5 (7), S-1/A (7), POS AM (5), 10-Q/A (4), 4 (4), 424I (3), S-1 (3), SC 13G (3), 8-A12B (2), 8-K/A (2), SC 13G/A (2), 10-K/A (1), 25 (1), AW (1), CERTAMX (1), CERTPAC (1), NO ACT (1), POS EX (1), RW (1), S-4/A (1)

• Latest filingsAnnual report (10-K) Feb 27, 2026
  Quarterly report (10-Q) Aug 7, 2026
  Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks United States Oil Fund, LP names in Item 1A of its 10-K filed Feb 27, 2026: 64 risks under these headings, as written.⁴

• Investment Risk
• The NAV of USO’s shares relates directly to the daily changes in the price of the Benchmark Oil Futures Contracts and other assets held by USO and fluctuations in the prices of these assets could materially adversely affect an investment in USO’s shares. Past performance is not necessarily indicative of future results; all or substantially all of an investment in USO could be lost.
• Economic conditions impacting crude oil.
• Other crude oil demand-related factors.
• Other crude oil supply-related factors.
• Other factors impacting the crude oil market.
• Price volatility may possibly cause the total loss of your investment.
• Natural disasters, public health disruptions (such as the COVID-19 pandemic), and international armed conflicts could impact the price of commodities and/or the value, pricing and liquidity of USO’s investments or assets which, in turn, could cause the loss of your investment in USO.
• Natural or environmental disasters, such as earthquakes, fires, floods, hurricanes, tsunamis and other severe weather-related phenomena generally, and widespread disease, including public health disruptions, pandemics and epidemics (for example, the COVID-19 pandemic), can be highly disruptive to economies and markets. Such events can, directly or indirectly, negatively impact, and/or cause volatility in, the price of commodities such as crude oil and the value, pricing, and liquidity of the investments or other assets held by USO.
• Geopolitical conflict, including war and armed conflicts (such as the Russia-Ukraine war, conflicts in the Middle East, and the expansion of such conflicts in surrounding areas), sanctions, the introduction of or changes in tariffs or trade barriers, global or local recessions, and acts of terrorism, can also, directly or indirectly, negatively impact, and/or cause volatility in, the price of commodities such as crude oil and the value, pricing, and liquidity of the investments or other assets held by USO.
• A negative impact on, or volatility in, the price of crude oil or the value, pricing and liquidity of USO’s investments or other assets resulting from the occurrence of any of the aforementioned events, or similar events, could cause you to lose all, or substantially all, of your investment in USO.
• Historical performance of USO and the Benchmark Oil Futures Contract is not indicative of future performance.

Legal proceedings

From time to time, USO may be involved in legal proceedings arising primarily from the ordinary course of its business. In addition, USCF, as the general partner of USO and the Related Public Funds may, from time to time, be involved in litigation arising out of its operations in the ordinary course of business. Except as described herein, neither USO nor USCF is currently party to any material legal proceedings.

Optimum Strategies Action

On April 6, 2022, USO and USCF were named as defendants in an action filed by Optimum Strategies Fund I, LP, a purported investor in call option contracts on USO (the “Optimum Strategies Action”). The action was in the U.S. District Court for the District of Connecticut at Civil Action No. 3:22-cv-00511.

The Optimum Strategies Action asserted claims under the Securities Exchange Act of 1934, as amended (the “1934 Act”), Rule 10b-5 thereunder, and the Connecticut Uniform Securities Act (“CUSA”). It purported to challenge statements in registration statements that became effective in February 2020, March 2020, and on April 20, 2020, as well as public statements between February 2020 and May 2020, in connection with certain extraordinary market conditions and the attendant risks that caused the demand for oil to fall precipitously, including the COVID-19 global pandemic and the Saudi Arabia-Russia oil price war. The complaint was seeking damages, interest, costs, attorney’s fees, and equitable relief.

The opening of Item 3, Legal Proceedings.⁴