IOCs could reap river of cash through 2021

THOSE best placed to recover from a bruising 2020 aren’t the supermajors or juniors but international oil companies which could see record profits through 2021 as long as the price of Brent sticks at US$55 per barrel or above. 

IOCs could reap river of cash through 2021 IOCs could reap river of cash through 2021 IOCs could reap river of cash through 2021 IOCs could reap river of cash through 2021 IOCs could reap river of cash through 2021
Wood Mackenzie said on average IOCs slashed their breakeven cost per barrel by $16/bbl to $38/bbl which could generate up to $140 billion in cumulative free cash flow before shareholder