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From the wells to the pump, Exxon Mobil is all about oil. The company explores, produces, transports, and sells crude oil and natural gas.
At $86 per share, we have a 2.6% dividend.Plenty of room for growth in the dividend with a 22% payout ratio and historically the company has increased its dividend every year for the past 30 years. Look for an increase in the dividend of about 8% every year.The P/E both forward and trailing seem reasonable (10.9 and 9.1).With oil at $86/barrel right now, the potential increase from here seems logical and likely. XOM will benefit.
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