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";s:4:"text";s:9124:"Exxon's COVID-19-related first- and second-quarter losses were its first quarterly losses in decades. As much as ExxonMobil would like to preserve its dividend, the reality is that lower oil prices and refining margins are pressuring the company to either take on more debt or cut its dividend. Let's conquer your financial goals together...faster. Lower demand for transportation fuels like gasoline, diesel, and jet fuel plunged Exxon's refining margins to 50% below 10-year lows, which reduced earnings by $600 million in Exxon's second quarter. However, this isn't the first time ExxonMobil has gone through temporary slumps. The next Exxon Mobil Corp. dividend is expected to go ex in 29 days and … Yet even though ExxonMobil has gone through turbulent times in energy markets before, the current slump for oil and natural gas has some investors worried about its ability to keep rewarding them with dividend hikes. In 2019, Daniel joined the Fool as a contract writer, targeting the energy and industrial sectors from his hometown in Houston. Exxon Mobil Corporation (XOM) will begin trading ex-dividend on August 12, 2020. Interested in gaining exposure to XOM through an Exchange Traded Fund [ETF]? Why ExxonMobil Stock Dropped 14.1% in September, Leaked Documents Reveal ExxonMobil Plans to Increase Carbon Emissions 17% by 2025, Copyright, Trademark and Patent Information. *Prior period amounts restated to reflect two-for-one stock split effective June 20, 2001. Meanwhile, shares of Exxon are down 45% year to date, underperforming the market and the broader energy sector as a whole. See you at the top! The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Here, we'll take a closer look at ExxonMobil and whether shareholders can expect higher dividends in 2020. Should You Sell Your Oil Stocks Right Now? Oil titan ExxonMobil (NYSE:XOM), remains one of the few oil majors that hasn't cut its dividend this year. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The company was once considered a blue chip darling of the Dow Jones Industrial Average (DJIA) before being removed from the Dow after nearly 100 years. Daniel began his Foolish journey posting on The Motley Fool discussion boards, hyped on caffeine and providing commentary on Starbucks, Target, and Apple through the lens of a teenager. Now that Royal Dutch Shell cut its dividend, Exxon's spending and its dividend obligation are the largest of all oil majors. Financial metrics like debt to capital, debt to equity, and total net long-term debt are all on the rise, indicating that Exxon's balance sheet is now in its worst shape in five years. Should You Sell Your Oil Stocks Right Now? Over the past couple of years, ExxonMobil has given solid increases of around 6%, with a $0.05 per share increase earlier this year bringing the quarterly payout to its current level of $0.87 per share. Why ExxonMobil Stock Dropped 14.1% in September, Leaked Documents Reveal ExxonMobil Plans to Increase Carbon Emissions 17% by 2025, Copyright, Trademark and Patent Information. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. CrowdStrike is a leader in the security software industry group, boasting superior fundamentals and technical action. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. Shareholders who purchased XOM prior to the ex-dividend date are eligible for the cash dividend payment. A cash dividend payment of $0.87 per share is scheduled to be paid on September 10, 2020. Number of consecutive years with dividend increases. And with West Texas Intermediate (WTI) crude oil prices now below $40 a barrel, Exxon's dividend -- which yields over 9% -- may be in trouble. The fact that ExxonMobil delivered another $0.05 per share boost in 2019 despite some challenges was good news for dividend investors, but the recovery in crude oil that many have hoped for hasn't yet materialized. 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With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world. Data source: Yahoo! Zacks Investment Research reports XOM's forecasted earnings growth in 2020 as -115.7%, compared to an industry average of -53.3%. Aside from this spending, Exxon paid $7.43 billion in dividends, but only brought in $6.27 billion of cash flow from operating activities in the first half of this year. That's pushed the dividend payout ratio to nearly 100% of earnings, which is traditionally a danger sign for dividend investors. Investors would probably be better off with other top oil stocks instead. Among energy companies, ExxonMobil (NYSE:XOM) stands out as an industry leader. Exxon Mobil Corporation {XOM) is a manufacturer and marketer of commodity petrochemicals. Exxon was replaced by tech giant Salesforce.com at the end of August as the index adjusted to better reflect the modern economy. Although a dividend cut would end Exxon's 37-year streak of consecutive dividend raises and strip it of its status as a Dividend Aristocrat, it's really one of the few remaining options Exxon has left aside from taking on more debt, selling more assets, of laying off some of its workforce. XOM includes a few divisions which include ExxonMobil, Exxon, Esso and Mobil. Moreover, ExxonMobil is working hard to expand profitably. The size of ExxonMobil's dividend hikes has varied over time. But this accomplishment is more due to Exxon being stubborn than it is to Exxon outperforming its competitors. ";s:7:"keyword";s:17:"xom dividend 2020";s:5:"links";s:730:"Falcon Oil & Gas Ltd Annual Report, Fun 5 Minute Timer, Sales Training Certification, Royal Albert Hall Arena Seating Plan, Diana Darvey, Cameron Mackintosh Overseas Limited, ";s:7:"expired";i:-1;}