Business | Mon Jun 27, 2016 7:26pm IST
** Royal Dutch Shell and BP defy a broad market sell-off after Britain’s vote to leave the EU
** Investors cite oil majors’ dollar dividends and income as key attraction points
** A weaker pound makes Shell and BP a cheaper alternative to U.S. peers Exxon Mobil and Chevron
** With dollar-based dividends, which both companies chose due to the underlying oil price, the depreciation of the pound offered automatic gains
** “The oil sector has been the perfect hedge against Brexit,” says Richard Hulf, co-manager of the Artemis Global Energy Fund, which holds shares in Shell and BP