world-economy

Big Oil Reports Strong Quarterly Results as Crude Prices Surge

Shell, ExxonMobil and Chevron are set to announce quarterly earnings this week. Higher crude oil prices are driving the companies toward high profits. The three majors are expected to report strong results. Crude prices have bolstered the bottom line for these integrated energy companies. The earnings announcements come as global energy markets remain strong. Analysts expect profit growth for the three supermajors. The companies' financial performance reflects market dynamics affecting petroleum producers worldwide.