Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said. Benchmark crude oil prices more than doubled in the second quarter of 2021 from a year earlier and have risen further in recent weeks to close to $78 a barrel, their highest in almost three years as OPEC and other major producers failed to strike an agreement to lift output. That, along with higher global natural gas prices because of supply issues, will boost the coffers of oil companies after firms like Exxon Mobil (XOM.N) , Royal Dutch Shell (RDSa.L) and BP (BP.L) sharply cut costs in the wake of the coronavirus pandemic last year. “The cash flow for majors is looking very strong, they’re certainly firing on the oil […]