ExxonMobil Corp (NYSE:XOM)
CAPS Rating:
From the wells to the pump, Exxon Mobil is all about oil. The company explores, produces, transports, and sells crude oil and natural gas.
From the wells to the pump, Exxon Mobil is all about oil. The company explores, produces, transports, and sells crude oil and natural gas.
Recs
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.