Exxon and Chevron posted record quarters as the Strait of Hormuz conflict fueled shortages and a windfall-tax push in Congress.

Shell's profit more than doubles to $9.8 billion amid rising oil prices. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Analysts have high expectations for ExxonMobil and Chevron for Q2 quarterly results. Here's the numbers and why expectations are high.

Chevron earnings more than tripled, easily beating views.