ExxonMobil Raises Dividend for 43 Consecutive Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2026
0mins
Source: Fool
- Dividend Growth: ExxonMobil has raised its dividend for 43 consecutive years, positioning itself to join the Dividend Kings club, with a current yield of 3%, reflecting its stability and attractiveness amid economic fluctuations.
- Diversified Business Model: The company operates over 16,000 miles of pipelines in North America, encompassing upstream, midstream, and downstream operations, effectively insulating it from oil price volatility, thereby ensuring sustained cash flow and profitability.
- Strong Profitability: The expected EPS for 2023 is projected to reach $11.71, a 75% increase from last year, which comfortably covers the forward dividend rate of $4.12 per share, showcasing the company's robust earnings capacity and dividend sustainability.
- Safe Investment Choice: Despite oil price fluctuations, ExxonMobil's midstream and downstream businesses can provide stable cash flow; with a current share price of $136 and a P/E ratio of 12, it presents an attractive investment opportunity and value.
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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: 136.440
Low
114.00
Averages
132.17
High
158.00
Current: 136.440
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an integrated fuels, lubricants and chemical company. Its 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. The Energy Products segment includes fuels, aromatics, and catalysts and licensing. The 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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- Derivative Gains: Exxon Mobil forecasts around $2.6 billion in profit from derivative positions linked to physical deliveries, indicating the company's agility in risk management and response to market volatility.
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- U.S. LNG Dominance: The U.S. has emerged as the world's largest LNG exporter, with significant growth in LNG exports over the past decade, bolstering investor confidence in LNG stocks, particularly in the context of energy independence.
- ExxonMobil's Expansion Plans: ExxonMobil is undertaking four large-scale LNG projects, expecting to double its LNG capacity by 2030, adding 40 million metric tons annually, demonstrating strong bullish sentiment towards the LNG market's future.
- Long-Term Investment Opportunities: Cheniere Energy is set to complete three expansion projects in the coming years, with projected distributable cash flow reaching $4.75 billion to $5.25 billion by 2026, further solidifying its leadership position in the LNG sector.
See More
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- Demand Growth Forecast: According to Shell's LNG Outlook 2026, global LNG demand is expected to increase by 700 million tons by 2050, representing a 65% surge from 2025 levels, which presents significant market opportunities for related companies.
- ExxonMobil's Investments: ExxonMobil is undertaking four large-scale LNG projects, expecting to double its LNG portfolio by 2030 from 2020 levels, which could increase its annual output by 40 million metric tons, demonstrating strong confidence in the LNG market.
- Cheniere Energy's Expansion: Cheniere Energy is working on three expansion projects, with one expected to be fully operational this year and the other two coming online in 2028 and 2029, projecting distributable cash flow of $4.75 billion to $5.25 billion by 2026, showcasing its stable cash flow capabilities.
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