Here are the 10-K annual reports from United States Oil Fund, LP (USO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow USO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full USO filings page.
United States Oil Fund, LP (USO) is a Delaware commodity pool whose shares trade on NYSE Arca and are designed to track, in percentage terms, daily moves in a benchmark NYMEX light, sweet crude oil futures contract, plus interest on collateral, less expenses.
USO targets the average daily percentage change in its net asset value over 30 valuation days to be within ±10% of the same measure for its Benchmark Oil Futures Contract. It primarily holds crude oil futures and other oil-related derivatives, supported by U.S. Treasuries, cash and cash equivalents for margin and collateral.
Shares are created and redeemed only in 100,000‑share baskets by authorized participants at net asset value, while public investors trade shares intraday on the exchange. As of June 30, 2025, non‑affiliate-held shares had an aggregate market value of $1,226,307,166, and there were 14,823,603 shares outstanding as of February 23, 2026.