The world’s five supermajors booked $37 billion in combined cash flows for the fourth quarter as disciplined spending combined with rallying oil prices to take Big Oil’s cash flow to the highest since 2008. ExxonMobil, Chevron, BP, Shell, and TotalEnergies also booked combined adjusted net earnings of $31 billion for Q4 2021—the highest for any quarter in more than nine years, according to Bloomberg’s estimates. All supermajors reported very strong earnings and cash flows for Q4 and 2021, as oil and gas prices rallied and…
