British oil major Shell reported a drop in third-quarter profit due to weaker crude prices. Shell posted $5.4 billion in adjusted earnings, beating analyst expectations of $5.05 billion. The company’s share price has climbed more than 16% year-to-date, outperforming industry peers.

Norway’s Equinor reported a steeper-than-expected drop in third-quarter profit, with adjusted operating income at $6.21 billion. U.S. oil giants Exxon Mobil and Chevron are set to report their third-quarter results, with BP following suit. Stay tuned for more updates.

Read more at CNBC: Oil giant Shell beats profit expectations despite weaker crude prices