Exxon Mobil Declares $1.03 Quarterly Dividend, Yield at 2.7%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy XOM?
Source: seekingalpha
- Quarterly Dividend Declaration: Exxon Mobil has declared a quarterly dividend of $1.03 per share, consistent with previous payouts, indicating the company's stable cash flow and profitability, which is likely to attract more long-term investors.
- Dividend Yield: The forward yield stands at 2.7%, providing relative attractiveness in the current market environment, potentially increasing investor interest in the stock, especially amid low interest rates.
- Payment Schedule: The dividend is payable on June 10, with a record date of May 15 and an ex-dividend date also set for May 15, ensuring shareholders receive timely returns and further solidifying trust between the company and its investors.
- Market Reaction Expectations: Following the dividend announcement, the market anticipates that Exxon Mobil's stock will remain stable, particularly given the manageable risks of supply disruptions in the Middle East, which supports the company's overall financial health and continues to draw investor attention.
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Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 154.880
Low
114.00
Averages
132.17
High
158.00
Current: 154.880
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Production Boost in Guyana: This technology is already supporting Exxon’s operations in Guyana, where the company leads a consortium producing over 900,000 barrels of oil daily, significantly enhancing its output and market competitiveness.
- New Exploration Plans: Exxon plans to complete new seismic surveys this year in offshore Trinidad and Tobago and rapidly evaluate the results, believing the geology there could resemble other deepwater regions like Guyana and Angola, offering substantial potential.
- Geopolitical Risk Management: The company is positioning its diversified global supply base, particularly in the Permian Basin and Guyana, to handle geopolitical tensions affecting Middle East oil flows, ensuring stability when supply is constrained.
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- Industry Leadership: As the leader of the oil-producing consortium in Guyana, Exxon Mobil's technological innovations further solidify its competitive advantage in the global energy market, particularly in the rapidly developing South American region.
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