Big Oil Companies Report Record Profits Amid High Oil Prices
We are still in the early innings of the earnings season, with roughly a third of S&P 500 companies having returned their second quarter scorecards. And, it’s shaping up to be yet another bumper earnings season: according to FactSet data, 86% of those companies have exceeded Wall Street’s earnings projections while 80% have beaten revenue expectations. The Energy sector is reporting the highest…
We haven't written up this one. OilPrice has the full story — the link below goes straight to it.
