OIL SEC­TOR GUSH­ING WITH CASH

Shares - - STORY IN NUMBERS -

RE­SEARCH BY an­a­lysts at Bar­clays sug­gests the Euro­pean in­te­grated oil and gas space, which en­com­passes the likes of BP (BP.) and Royal Dutch Shell (RDSB), is set to de­liver ex­cess free cash flow for the first time in 10 years.

This follows a rapid ad­vance for the oil price in re­cent months, which de­spite a re­cent pull­back still trades in touch­ing dis­tance of $80 per bar­rel.

A strong cash per­for­mance from the sec­tor could see share­hold­ers en­joy a wind­fall in the form of higher, more sus­tain­able div­i­dends and share buy­backs.

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