America's second-largest energy producer, Chevron Corporation (CVX), has returned to profitability in its second quarter of Fiscal Year 2021, which has caused a great deal of excitement among analysts. Rediscovering Profitability The company's return to profitability can mainly be attributed to global Oil & Gas operations returning to capacity after initial pandemic lockdowns disrupted upstream operations. Chevron's earnings per share of $1.60 beat expectations by $0.11, and its $36 billion in revenue came in $1.15 billion ahead of consensus estimates. Net income was $3.08 billion.
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Chevron (NYSE:CVX)
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