Shell outstrips Exxon on profit, cashflow seen signalling revival

By Ron Bousso and Karolin Schaps LONDON (Reuters) - Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major's annual profit hitting its lowest level in more than a decade as it grappled with a deep downturn. Europe's largest oil and gas company showed stronger signs that it was turning a corner following deep spending cuts, divestments and thousands of job losses last year, with cashflow increasing by 69 percent in the fourth quarter. With BG Group's