Solid global trade, a recovering labor market and monetary stimulus from the European Central Bank are all supporting the currency bloc’s economy.
The milestone comes weeks after the International Energy Agency said the U.S. is poised for "explosive" growth in oil output that would push it past Saudi Arabia and Russia this year.
Legislation is needed to protect U.S. economic and security interests threatened by Chinese firms buying American companies.
Reactions were mixed from a variety of organizations including NAM, US Chamber of Commerce and the Alliance for American Manufacturing.
CEO Darren Woods cited President Trump’s U.S. tax overhaul as a significant enabler of the plan.
Protectionism is one of the top challenges, along with rising labor costs and supply of skilled workers.