ExxonMobil's Dividend Streak Isn't Over Yet
Integrated energy giant ExxonMobil (NYSE: XOM) has one of the strongest records of dividend growth in the energy patch. But 2020 has been a challenging year for the company and its peers. In fact, things have changed drastically on the dividend front throughout the industry. But at the end of the day, Exxon's incredible dividend streak isn't over yet.
There's no question that 2020 has been among the most challenging years ever for some industries. That includes the energy sector, as global economic shutdowns led to a massive decline in demand for oil and natural gas. To make matters worse, all of the oil that didn't get used wound up in storage. That excess energy has to be worked off before oil prices can mount a sustained recovery.
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Source Fool.com
