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Shell poised to dethrone Exxon in oil titans' cash clash 10:48am EST [Reuters]

ROYAL DUTCH SHELL (RDS.B)  More Company Research Source: Reuters
PDF Shell poised to dethrone Exxon in oil titans' cash clash | Reuters 4 Min Read LONDON (Reuters) - Royal Dutch Shell ( RDSa.L ) could usurp its largest rival Exxon Mobil ( XOM.N ) as the energy sector’s biggest cash generator after higher oil and gas prices combined with an improved performance lifted its 2017 revenue. Chief Executive Ben van Beurden has made no secret of his desire to challenge the dominance of the world’s largest listed oil company after its $54 billion purchase of BG Group in 2016 catapulted Shell into second place in terms of production. The Anglo-Dutch company on Thursday reported a more than doubling of profit in 2017 to $16 billion, the highest since the start of the 2014 downturn as the effect of years of costs cuts and the integration of BG Group filtered through. “We enter 2018 with continued discipline and confidence, committed to the delivery of strong returns and cash,” van Beurden said in a statement. Cash flow from operations in 2017 rose to $35.65 bi [Read more]

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