Company: DBO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027272
Chunk: 135

Company: Invesco DB Oil Fund
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 135
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Index to Financial Statements

    Documents 
     
    Page

    Report of Management on Internal Control Over Financial Reporting 
     
    35

    Report of Independent Registered Public Accounting Firm (PCAOB ID 238) 
     
    36

    Statements of Financial Condition as of December 31, 2024 and 2023
     
    38

    Schedule of Investments as of December 31, 2024
     
    39

    Schedule of Investments as of December 31, 2023
     
    40

    Statements of Income and Expenses for the Years Ended December 31, 2024, 2023 and 2022
     
    41

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2024
     
    42

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2023
     
    43

    Statement of Changes in Shareholders’ Equity for the Year Ended December 31, 2022
     
    44

    Statements of Cash Flows for the Years Ended December 31, 2024, 2023 and 2022
     
    45

    Notes to Financial Statements
     
    46

34

Report of Management on Internal Control

Over Financial Reporting

Management of Invesco Capital Management LLC, as managing owner (the “Managing Owner”) of Invesco DB Oil Fund (the “Fund”), is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

We, Brian Hartigan, Principal Executive Officer, and Kelli Gallegos, Principal Financial and Accounting Officer, Investment Pools, of the Managing Owner, assessed the effectiveness of the Fund’s internal control over financial