How Safe Is ExxonMobil's Dividend?
Shares of energy goliath ExxonMobil (NYSE: XOM) are down around 15% from their highs earlier this year. Income investors may be wondering if there's something going on that they need to know about. The answer is yes and no. Here's what changed, and why Exxon and its dividend are still safe.
Although it operates across the upstream, midstream, and downstream sectors of the energy space, at its core Exxon is an oil and natural gas driller. These two commodities, however, can be volatile and, sometimes, their prices move quite swiftly. The recent drop in Exxon's shares is largely related to the ups and downs of oil and gas, which have both been relatively weak lately.
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Source Fool.com
