EnergyWatch

Oil giants beat all expectations

The first three months of the year marked a turning point for ExxonMobil and Chevron. The expectation is that the remaining oil supermajors will follow suit.

Three years of price crisis within the oil industry could be set to end in the first quarter of this year, if the financial reports from ExxonMobil and Chevron, two of the world's largest oil companies, are anything to go by.

If you go by the financial reports from two of the world's largest oil companies, ExxonMobil and Chevron, then it would seem that this year's first quarter is poised to end three years of price crisis for the oil industry.

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