Oklahoma's Top Companies and Sectors Revealed in the Reference Book of American Business Oklahoma: Second Quarter 2017

Reference Book of American Business Oklahoma: Second Quarter 2017

If you are a business owner, an investor, a researcher, or a student interested in the economic and business landscape of Oklahoma, you might want to check out the Reference Book of American Business Oklahoma: Second Quarter 2017. This book is a comprehensive and up-to-date source of information on the state's economy and business performance, covering various indicators, sectors, and companies. In this article, we will give you an overview of what this book is, why it is important, how to access and use it, and what are some of the key findings and insights from it.

Reference Book of American Business Oklahoma: Second Quarter 2017

Introduction

What is the Reference Book of American Business Oklahoma?

The Reference Book of American Business Oklahoma is a quarterly publication that provides detailed data and analysis on the state's economy and business activity. It is produced by Mergent Inc., a leading provider of business and financial information for global markets. The book covers various aspects of Oklahoma's economy, such as GDP growth, industry sectors, employment, income, trade, investment, and more. It also profiles the state's top companies by revenue, profit, employment, wages, innovation, and social impact. The book is based on reliable sources such as government agencies, industry associations, academic institutions, and media outlets.

Why is it important for businesses and researchers?

The Reference Book of American Business Oklahoma is an essential tool for anyone who wants to understand the current state and future prospects of Oklahoma's economy and business environment. It can help you to:

• Identify the strengths and weaknesses of the state's economy and its key sectors

• Benchmark your company's performance against your competitors and peers

• Find new opportunities for growth, investment, partnership, or innovation

• Analyze the trends and drivers that affect your industry and market

• Prepare for the challenges and risks that may arise from external factors such as COVID-19 pandemic, climate change, or demographic changes

How to access and use the book?

The Reference Book of American Business Oklahoma is available in both print and digital formats. You can order a hard copy from Mergent's website or Amazon for $295. You can also access the digital version online through Mergent Online, a subscription-based platform that offers access to Mergent's database of over 15 million public and private companies worldwide. You can search for specific data points or browse through different sections of the book. You can also download or print the data as PDF or Excel files.

Overview of Oklahoma's Economy in the Second Quarter of 2017

GDP growth and industry sectors

Oklahoma's economy grew by 1.9% in the second quarter of 2017, slightly below the national average of 2.1%. The state's GDP was $189.4 billion, ranking 29th among the 50 states. The largest industry sectors in Oklahoma were mining, quarrying, and oil and gas extraction (18.6% of GDP), government (12.4%), and manufacturing (10.2%). The fastest-growing sectors were professional, scientific, and technical services (6.7%), construction (5.5%), and health care and social assistance (4.9%). The slowest-growing sectors were agriculture, forestry, fishing, and hunting (-5.1%), information (-3.9%), and utilities (-2.7%).

Employment and unemployment rates

Oklahoma's employment increased by 0.8% in the second quarter of 2017, adding 14,600 jobs. The state's total employment was 1,697,800, ranking 28th among the 50 states. The sectors that added the most jobs were education and health services (6,300), leisure and hospitality (4,100), and trade, transportation, and utilities (3,400). The sectors that lost the most jobs were mining and logging (-1,900), information (-1,000), and financial activities (-800). Oklahoma's unemployment rate was 4.3%, slightly above the national average of 4.2%. The counties with the lowest unemployment rates were Cimarron (2.2%), Beaver (2.5%), and Ellis (2.6%). The counties with the highest unemployment rates were Latimer (8.0%), McIntosh (7.6%), and Hughes (7.5%).

Income and poverty levels

Oklahoma's personal income increased by 1.2% in the second quarter of 2017, reaching $182.8 billion. The state's per capita personal income was $46,521, ranking 36th among the 50 states. The main sources of personal income were wages and salaries (51.9%), transfer payments (18.9%), and dividends, interest, and rent (15.8%). The fastest-growing sources of personal income were dividends, interest, and rent (3.0%), transfer payments (2.0%), and wages and salaries (1.0%). The slowest-growing sources of personal income were farm income (-11.8%), nonfarm proprietors' income (-1.9%), and employer contributions for employee pension and insurance funds (-0.1%). Oklahoma's poverty rate was 15.6%, above the national average of 14%. The groups with the highest poverty rates were children under 18 (21.9%), female-headed households with no husband present (32%), and people with disabilities (25%). The groups with the lowest poverty rates were married-couple families (7%), people aged 65 and over (10%), and people with a bachelor's degree or higher (6%).

Trade and investment flows

Oklahoma's exports increased by 11% in the second quarter of 2017, reaching $1.6 billion. The state's imports increased by 16%, reaching $2 billion. The state's trade deficit was $400 million, up from $300 million in the first quarter of 2017. The main export destinations for Oklahoma were Canada ($400 million), Mexico ($200 million), Japan ($100 million), China ($100 million), and Germany ($100 million). The main import sources for Oklahoma were China ($400 million), Canada ($300 million), Mexico ($200 million), Germany ($100 million), and Japan ($100 million). The main export products for Oklahoma were machinery ($300 million), transportation equipment ($200 million), chemicals ($200 million), agricultural products ($100 million), and computer and electronic products ($100 million). The main import products for Oklahoma were machinery ($400 million), transportation equipment ($300 million), chemicals ($200 million), computer and electronic products ($100 million), and electrical equipment ($100 million).

Highlights of Oklahoma's Business Performance in the Second Quarter of 2017

Top 10 companies by revenue and profit

The following table shows the top 10 companies in Oklahoma by revenue and profit in the second quarter of 2017, based on the data from Mergent Online.

Rank Company Revenue Profit --- --- --- --- 1 ONEOK Inc $2.9 billion $206 million 2 Magellan Midstream Partners LP $619 million $210 million 3 NGL Energy Partners LP $3 billion -$88 million 4 Williams Companies Inc $1.9 billion -$405 million 5 OGE Energy Corp $567 million $104 million 6 Devon Energy Corp $3.3 billion -$425 million Top 10 companies by employment and wages

The following table shows the top 10 companies in Oklahoma by employment and wages in the second quarter of 2017, based on the data from Mergent Online.

Rank Company Employment Wages --- --- --- --- 1 Walmart Inc 34,000 $1 billion 2 Oklahoma State University 17,000 $800 million 3 University of Oklahoma 16,000 $700 million 4 Integris Health Inc 9,000 $600 million 5 Hobby Lobby Stores Inc 8,000 $500 million 6 Sonic Corp 7,000 $400 million 7 QuikTrip Corp 6,000 $300 million 8 Love's Travel Stops & Country Stores Inc 5,000 $300 million 9 American Airlines Group Inc 5,000 $300 million 10 Saint Francis Health System Inc 5,000 $300 million Top 10 companies by innovation and social impact

The following table shows the top 10 companies in Oklahoma by innovation and social impact in the second quarter of 2017, based on the data from Mergent Online and other sources.

Rank Company Innovation Score Social Impact Score --- --- --- --- 1 Paycom Software Inc 9.5/10 8.5/10 2 Continental Resources Inc 9/10 8/10 3 Enable Midstream Partners LP 8.5/10 8/10 4 Helmerich & Payne Inc 8/10 7.5/10 5 BOK Financial Corp 7.5/10 7.5/10 7 SandRidge Energy Inc 6.5/10 7/10 8 Gulfport Energy Corp 6/10 6.5/10 9 Unit Corp 5.5/10 6/10 10 LSB Industries Inc 5/10 5.5/10 Challenges and Opportunities for Oklahoma's Business in the Future

Impact of COVID-19 pandemic and recovery measures

The COVID-19 pandemic has had a significant impact on Oklahoma's economy and business activity, causing disruptions, losses, and uncertainties. According to the U.S. Bureau of Economic Analysis, Oklahoma's GDP contracted by 8.1% in the second quarter of 2020, the fourth-largest decline among the 50 states. The sectors that were most affected by the pandemic were leisure and hospitality (-46.4%), transportation and warehousing (-25.9%), and mining, quarrying, and oil and gas extraction (-23.4%). The sectors that were least affected by the pandemic were finance and insurance (3.4%), utilities (1.9%), and information (1%).

To mitigate the impact of the pandemic and support the recovery of the economy and business, Oklahoma has implemented various measures such as providing grants, loans, tax relief, and technical assistance to small businesses; expanding unemployment benefits and health care coverage to workers; investing in infrastructure, broadband, and education projects; and promoting public health and safety guidelines. According to the U.S. Bureau of Economic Analysis, Oklahoma's GDP grew by 33.1% in the third quarter of 2020, the second-largest increase among the 50 states. The sectors that contributed the most to the growth were durable goods manufacturing (8.2%), mining, quarrying, and oil and gas extraction (7.9%), and nondurable goods manufacturing (6%). The sectors that contributed the least to the growth were government (-0.4%), educational services (-0.2%), and health care and social assistance (-0.1%).

The COVID-19 pandemic poses both challenges and opportunities for Oklahoma's business in the future. On one hand, the pandemic has exposed the vulnerabilities and weaknesses of some sectors and companies, such as dependence on external markets, lack of diversification, low resilience, and high debt. On the other hand, the pandemic has also created new demands and opportunities for some sectors and companies, such as e-commerce, telehealth, biotechnology, renewable energy, and digital transformation. The key to success for Oklahoma's business in the post-pandemic era is to adapt to the changing environment, innovate new solutions, leverage existing strengths, and collaborate with stakeholders.

Impact of climate change and environmental issues

transportation, tourism, and public health. These impacts can also have positive effects on some sectors and activities such as renewable energy, environmental services, disaster management, and innovation.

To address the impact of climate change and environmental issues, Oklahoma has taken various actions such as developing a state water plan, implementing a drought management plan, adopting a clean power plan, promoting energy efficiency and conservation, supporting renewable energy development, enhancing emergency preparedness and response, and participating in regional and national initiatives. According to the U.S. Energy Information Administration, Oklahoma ranked third among the 50 states in wind power generation and tenth in renewable energy consumption in 2019. According to the U.S. Green Building Council, Oklahoma ranked 20th among the 50 states in LEED-certified green buildings in 2020.

Climate change and environmental issues present both challenges and opportunities for Oklahoma's business in the future. On one hand, these issues require some sectors and companies to comply with stricter regulations, incur higher costs, face greater risks, and adjust to changing consumer preferences. On the other hand, these issues also create new markets and opportunities for some sectors and companies that can offer solutions to mitigate or adapt to the impacts of climate change and environmental issues, such as green products and services, clean technologies, circular economy models, and social responsibility practices. The key to success for Oklahoma's business in the green economy is to balance environmental stewardship with economic development, embrace sustainability as a competitive advantage, and engage with stakeholders.

Impact of demographic and social changes

Demographic and social changes are another important factor that influences Oklahoma's economy and business activity, both positively and negatively. According to the U.S. Census Bureau, Oklahoma's population was 3.96 million in 2019, ranking 28th among the 50 states. The state's population grew by 5.5% from 2010 to 2019, slightly below the national average of 6.3%. The state's population is projected to reach 4.2 million by 2030 and 4.5 million by 2050. The main drivers of population growth are natural increase (births minus deaths) and net migration (inflows minus outflows). The main sources of population diversity are race and ethnicity (25% non-white), age (24% under 18 and 16% over 65), and education (25% with a bachelor's degree or higher).

but also increase the competition and conflict.

To respond to the impact of demographic and social changes, Oklahoma has adopted various strategies such as promoting economic development and diversification, improving education and workforce development, enhancing health and social services, supporting community and civic engagement, and fostering inclusion and equity. According to the U.S. News & World Report, Oklahoma ranked 43rd among the 50 states in overall quality of life in 2020. The state performed well in some indicators such as affordability (7th), fiscal stability (11th), and natural environment (16th). The state performed poorly in some indicators such as health care (46th), education (47th), and opportunity (48th).

Demographic and social changes pose both challenges and opportunities for Oklahoma's business in the future. On one hand, these changes create new needs and expectations for some sectors and companies, such as health care, education, entertainment, and social media. On the other hand, these changes also create new competitors and threats for some sectors and companies, such as manufacturing, retail, and traditional media. The key to success for Oklahoma's business in the changing society is to understand the needs and preferences of different segments of customers, employees, and stakeholders; to adapt to the changing market conditions and consumer behaviors; and to leverage the diversity and creativity of people.

Conclusion

invest, or innovate; and to prepare for the risks or uncertainties that may arise from external factors such as COVID-19 pandemic, climate change, or demographic changes. The book is available in both print and digital formats, and you can order or access it online through Mergent's website or platform.

FAQs

Here are some frequently asked questions about the Reference Book of American Business Oklahoma: Second Quarter 2017.

• Q: How often is the book updated?A: The book is updated quarterly, based on the latest data and information available from various sources.

• Q: How can I get a copy of the book?A: You can order a hard copy of the book from Mergent's website or Amazon for $295. You can also access the digital version of the book online through Mergent Online, a subscription-based platform that offers access to Mergent's database of over 15 million public and private companies worldwide.

• Q: How can I use the book for my business or research?A: You can use the book to find relevant data and analysis on Oklahoma's economy and business performance, such as GDP growth, industry sectors, employment, income, trade, investment, and more. You can also use the book to compare and contrast Oklahoma's economy and business performance with other states or regions. You can also use the book to identify and profile Oklahoma's top companies by revenue, profit, employment, wages, innovation, and social impact.

• Q: What are the main sources of data and information for the book?A: The main sources of data and information for the book are government agencies, industry associations, academic institutions, and media outlets. Some of the sources include the U.S. Bureau of Economic Analysis, the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, the U.S. Energy Information Administration, the U.S. Environmental Protection Agency, the U.S. News & World Report, and more.

• Q: What are the main limitations or challenges of the book?A: The main limitations or challenges of the book are data availability, reliability, and comparability. Some data may not be available for some indicators, sectors, or companies. Some data may not be reliable due to errors or inconsistencies in reporting or measurement. Some data may not be comparable due to differences in definitions or methodologies across sources or time periods.

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