High Oil Prices Boost Industry Earnings, but Investors Remain Wary

High Oil Prices Boost Industry Earnings, but Investors Remain Wary

LONDON—Rising crude costs are supercharging earnings on the world’s main oil companies, but buyers might have extra convincing that Big Oil is again.

Sharply climbing oil costs—and years of value slicing after they have been low—are rewarding a few of the world’s largest oil producers with income not seen since crude was buying and selling round $100 a barrel. Despite that, buyers stay cautious. As the trade emerges from a protracted and painful few years of low costs, shareholders are urgent executives to maintain spending in examine and funnel…

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