Oil Giants Are Pumping Out Torrents of Cash

The world’s biggest oil companies are pumping out cash like crude’s at $100 a barrel again, and investors love it.

Exxon Mobil Corp.Royal Dutch Shell PlcChevron Corp.and BP Plc smashed analysts’ earnings estimates for the fourth quarter, giving investors assurance that their dividends and buybacks are secure even with oil trading near $60.

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