How ExxonMobil's Cost Cuts Will Affect Its Dividend
Better late than never!
After dithering for a few weeks, oil giant ExxonMobil (NYSE: XOM) finally announced that it was going to cut its 2020 capital spending levels and operational expenses. With this decision, it joins fellow oil majors Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B), Chevron (NYSE: CVX), and Total (NYSE: TOT) in taking action to preserve cash for its dividend payments.
It's a detailed plan, but will it be enough? Here's what dividend investors need to know.
Source Fool.com
