Big Oil is coming off yet another blockbuster season, posting the second consecutive quarter of stellar top-and-bottom line growth. According to the latest FactSet data, the energy sector's Q2 2021 revenue growth rate of 24.9% came in way higher than Wall Street's estimate of 19.4% while the sector reported earnings of $15.
9 billion compared to a loss of -$10.6 billion in Q2 2020 marked the biggest Y/Y improvement of any of the S&P 500's 11 market sectors. Interestingly, the Big Oil duo of ExxonMobil (NYSE:XOM) and Chevron Corp. (NYSE:CVX)…Big Oil Looks To Woo Investors Back With Massive Dividends
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