Shell and Total profits jump amid higher oil prices

How they fared: Shell reported over $5.3 billion in profits, a 42% rise from the same period last year.

• "Our strong earnings this quarter were underpinned by higher oil and gas prices, the continued growth and very good performance of our integrated gas business, and improved profitability in our upstream business," said chief financial officer Jessica Uhl in announcing the results.
• Per Reuters, it's their highest earnings in over three years.

France-based Total, meanwhile, reported a $2.9 billion haul, which is a 13% rise. Its combined oil and gas production reached a new quarterly record of 2.7 million barrels of oil-equivalent per day, thanks to ramping up projects like Russia's Yamal LNG project, as well as its acquisition of Maersk Oil.