Big Oil Looks To Woo Investors Back With Massive Dividends

Big Oil Looks To Woo Investors Back With Massive Dividends

OilPrice.com

Published

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)…

Full Article