Oil giant Exxon Mobil (XOM) raises quarterly dividend by by a penny to $0.88/share, this is a 1.1% increase from prior dividend of $0.87. This dividend hike means that Exxon will keep its dividend aristocrat status, which has been at risk for a long time, since the COVID-19 heavily impacted Exxon’s earnings. Exxon has now a track record of 39 years of consecutive dividend increases. Below is an overview of the dividend payment history since 2006
Stock buyback program in 2022
On Friday, Exxon Mobil reported than expected Q3 earnings and revenues, lifted by surging oil and gas prices and improved demand for motor fuels, and saying it will launch a $10B stock buyback program starting next year.
