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Barclays sees the European sector on course to deliver excess free cash flow for the first time in a decade

Research by analysts at Barclays suggests the European integrated oil and gas space, which encompasses the likes of BP (BP.) and Royal Dutch Shell (RDSB), is set to deliver excess free cash flow for the first time in 10 years.

This follows a rapid advance for the oil price in recent months, which despite a recent pullback still trades in touching distance of $80 per barrel.

A strong cash performance from the sector could see shareholders enjoy a windfall in the form of higher, more sustainable dividends and share buybacks.

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