Supermajors Square Off For The Top Spot In Oil

Brent’s close to $65 a barrel and WTI is climbing closer and
closer to $60—and analysts are rushing to make bullish forecasts
for the fourth quarter of the year. Big Oil is preparing for an
even better three-month period than Q3, when all supermajors beat
profit expectations. Two of them stand out: Exxon and Shell. It’s
no secret that Shell has ambitions to overtake Exxon as the world’s
number-one oil company in terms of value. It’s actually on track to
beat Exxon on cash flow from operations for full 2017. The
Anglo-Dutch…

Brent’s close to $65 a barrel and WTI is climbing closer and
closer to $60—and analysts are rushing to make bullish forecasts
for the fourth quarter of the year. Big Oil is preparing for an
even better three-month period than Q3, when all supermajors beat
profit expectations. Two of them stand out: Exxon and Shell. It’s
no secret that Shell has ambitions to overtake Exxon as the world’s
number-one oil company in terms of value. It’s actually on track to
beat Exxon on cash flow from operations for full 2017. The
Anglo-Dutch…