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The Covid-19 pandemic was difficult for the energy sector. Global travel restrictions brought on by the Covid-19 outbreak reduced demand for oil by more than 30 million barrels in 2020.
The LNG partnership positions it to produce more cash in the future to support its dividend strategy.
The oil company is taking advantage of higher crude prices.
At least one analyst believes crude prices are heading a lot higher.
These oil companies can produce a gusher of cash flow at current oil prices.