How Safe Is ExxonMobil's Dividend?
The energy sector has been under substantial pressure over the past couple of years, but integrated oil giant ExxonMobil (NYSE: XOM) has held up far better than many smaller players that focus more on exploration and production activities. Low oil prices have weighed on Exxon's profits, but the behemoth has continued to work on existing projects as well as looking to take advantage of weaker companies in the industry to grab up lucrative assets on the cheap. Nevertheless, some investors wonder if a long period of relatively low oil prices could eventually endanger even ExxonMobil's ability to sustain and grow its dividend.
Let's take a closer look at ExxonMobil to see whether investors can be confident in its ability to keep making boosts to its payout.
Current Quarterly Dividend Per Share
Source: Fool.com
Exxon Mobil Corp. Stock
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
With a target price of 124 € there is a slightly positive potential of 13.93% for Exxon Mobil Corp. compared to the current price of 108.84 €.
