Exxon Mobil Corporation (XOM) Stock Dividend History and Dividend Dates

Exxon Mobil Corp - XOM - Market Position

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Stock Ticker Home Page Asset Class Sector Industry Investment Strategy Dividend Frequency Geographic Focus
XOM Exxon Mobil Corp Stock / Equity Energy Oil & Gas Growth Quarterly Global

ExxonMobil, the integrated oil giant, stands as a long-standing dividend champion, offering a steady stream of income alongside its exposure to the energy sector. While its high dividend yield is enticing, XOM's future as a dividend haven presents a complex picture for investors.

Exxon Mobil Corp - XOM - Current Market Data

Exxon Mobil Corp - XOM - Business Overview

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Section Information


ExxonMobil (XOM) is the world's largest integrated oil and gas company, exploring, producing, refining, and transporting oil and natural gas to a global market. It caters to businesses, governments, and individual consumers, holding substantial market share across various energy segments. XOM's mission is "to fuel human progress by providing the energy that powers modern life in a responsible way."

Business Model:

XOM generates revenue through upstream exploration and production (finding and extracting oil and gas), downstream refining and marketing (processing and selling refined products), and chemical manufacturing. Its value chain involves partnerships with exploration companies, drilling contractors, and refining/marketing partners. Chemical sales and downstream operations contribute significantly to XOM's revenue stream.

Industry Competition:

XOM faces fierce competition from other integrated oil and gas giants like Chevron and Shell , as well as national oil companies and independent producers. Recent trends like renewable energy adoption, energy efficiency improvements, and climate change concerns add another layer of complexity to the competitive landscape.

Competitive Advantages:

  • Global Scale and Diversification: XOM's vast infrastructure, diverse operations, and geographic reach provide competitive edge and resilience against market fluctuations.
  • Technological Expertise: XOM invests heavily in research and development, pioneering technologies for efficient exploration, production, and refining, boosting profitability.
  • Financial Strength: Despite recent challenges, XOM maintains a strong balance sheet and significant cash flow, enabling continued investments and dividend payouts.

Management Team:

  • Darren Woods, CEO: Extensive experience in XOM's operations and a track record of strategic cost-cutting initiatives and increased shareholder focus.
  • Kathryn Mikells, CFO: Seasoned financial expert with expertise in capital allocation and risk management, overseeing XOM's financial discipline.
  • Michael Dolan, Executive Vice President of Downstream: Over two decades of experience in refining and marketing, leading XOM's downstream operations optimization.

Financial Performance:

XOM's recent financial performance has been mixed, impacted by volatile energy prices and pandemic disruptions. However, it retains healthy cash flow and has maintained its 41-year streak of dividend increases. Upcoming factors like energy transition progress and global economic conditions will shape future financial results.

Investment Thesis:

  • High and Consistent Dividend: XOM offers a compelling dividend yield, attractive for income-focused investors with a long-term horizon.
  • Value Potential: XOM trades at a discount compared to historical valuations, potentially offering a bargain for long-term investors.
  • Energy Sector Exposure: Investing in XOM provides exposure to the critical energy sector, albeit with inherent risks and uncertainties.


XOM presents a complex investment opportunity with its high dividend, strong brand, and exposure to the energy sector. However, investors need to carefully consider its vulnerability to energy market fluctuations, environmental concerns, and the long-term impact of the energy transition. Diversification and thorough research are crucial before making any investment decisions.

XOM Dividend Analysis

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Section Details

XOM Dividend Data

Exxon Mobil Corporation (XOM) has an annual dividend of $3.80 per share. The dividend is paid every three months. The last ex-dividend date was on February 13, 2024.

XOM Dividend Yield

The current dividend yield for Exxon Mobil (XOM) is 3.42%.

XOM Dividend History

Exxon Mobil Corporation (XOM) has a history of increasing dividends for 41 years. The last quarterly ex-dividend date was on February 13, 2024.

XOM Dividend Payout & Dividend Payout Ratio

Exxon Mobil's payout ratio is 41.31%, which means that 41.31% of the company's earnings are paid out as dividends.

XOM Dividend Stability & Growth

Exxon Mobil's dividends per share have been stable in the past 10 years. The dividend payments have increased over the past 10 years. The annual dividend for XOM shares is $3.80.

XOM Chart

XOM Comparative Analysis

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Exxon Mobil (XOM) Chevron (CVX) ConocoPhillips (COP)

Industry Focus

Integrated oil and gas Integrated energy and chemicals Exploration and production

Current Yield

3.51% 4.35% 1.32%

Price-to-Earnings Ratio (P/E)

12.5 13.69 13.25

Investment Strategy

Focus on diverse energy assets Strategic investments in both traditional and new energy sectors Focusing on low-cost supply resources and high-margin opportunities

Energy Stocks



Technical Analysis

Additional Considerations

Investing in dividend stocks like Exxon Mobil (XOM) can provide a steady stream of income for shareholders. However, it's important to consider the risks associated with such investments. The oil and gas industry is highly volatile and subject to global economic trends and geopolitical events. This volatility can impact Exxon Mobil's revenue, earnings per share, and ultimately, its dividend payout ratio.

Exxon Mobil has a strong history of paying dividends, with consecutive years of increases. The annual dividend, next dividend payment, and dividend date are key metrics that investors often consider. However, the company's operation in the oil and gas sector could indicate potential risks. For instance, fluctuations in oil and gas prices can affect the company's cash flow, which in turn, could impact the dividend. Additionally, changes in environmental regulations and a global shift towards sustainable energy sources could pose challenges. Therefore, a thorough analysis of Exxon Mobil's dividend data, historical dividend trends, and the latest financial data is crucial for making informed investment decisions.