United States Oil Fund, LP

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

USO$142.66-3.9%Stored close · as of Nov 9, 2026

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Contents

Part I	Page
Item 1. Business.	1
Item 1A. Risk Factors.	36
Item 1B. Unresolved Staff Comments.	53
Item 1C. Cybersecurity.	53

Item 2. Properties.	54
Item 3. Legal Proceedings.	54
Item 4. Mine Safety Disclosures.	57
Part II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.	58
Item 6. [Reserved].	58
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	58
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.	77
Item 8. Financial Statements and Supplementary Data.	80
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.	102
Item 9A. Controls and Procedures.	102
Item 9B. Other Information.	102
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.	102

Part III
Item 10. Directors, Executive Officers and Corporate Governance.	103
Item 11. Executive Compensation.	107
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.	108
Item 13. Certain Relationships and Related Transactions, and Director Independence.	108
Item 14. Principal Accountant Fees and Services.	108
Part IV
Item 15. Exhibits and Financial Statement Schedules.	109

Exhibit Index.	109
Signatures.	111

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.

About this filing

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