Oil Companies Cash In Amid High Gas Prices

Oil companies are set to make even more money than they did in 2008 when global oil prices skyrocketed.

Oil companies are raking in big bucks, busting expectations. — and consumer wallets.

Shell Oil announced $11.5 billion in profits last quarter, breaking its record from the first three months of the year, when it earned a hefty $9.1 billion.

Oil companies Shell, Hess and Total all reported windfall profits. Chevron and Exxon release their reports Friday. All are set to make even more money than they did in 2008 when global oil prices skyrocketed.