---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000109"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:01:14.239125+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USO reports FY2023 net loss of $46M, NAV falls to $66.91

## Summary
- Net loss of $46.0M for 2023, vs net income of $785.2M in 2022.
- Net loss per share of $3.14 (basic); weighted avgerage loss per share $2.01.
- Net asset value per share fell to $66.91 from $70.05 at Dec 31, 2022.
- Total partners' capital decreased to $1.567B; shares outstanding down to 23.4M.
- Auditor changed to Cohen & Company for 2023 (prior auditor was BBD LLP).

## SEC filing metadata
- accession: 0001171200-24-000109
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327068/000117120024000109/0001171200-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000117120024000109/i24096_uso-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000109
- JSON: https://secwatch.observer/filing/0001171200-24-000109.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.