Why This Top Oil Company Isn't Worried About Negative Crude Prices

The stock market freaked out -- justifiably -- when U.S. benchmark WTI crude prices turned negative on April 20. Even though it was largely due to a technical issue related to expiring contracts, North America's oil oversupply is threatening to overwhelm available storage capacity and turn that brief technical quirk into a lasting problem.

Of the five integrated oil majors -- ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B), BP (NYSE: BP), and Total (NYSE: TOT) -- one stands out as having a surprising defense against a return of negative U.S. oil prices.

Here's which one, and why you should take notice.

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Source Fool.com