1. Introduction
Exxon Mobil Corporation (NYSE: XOM) is one of the world's largest publicly traded oil and gas companies, with a market capitalization of approximately $450 billion. The company's stock has been a popular investment for decades, and it continues to be a favorite among income investors today.
2. Financial Performance
Exxon Mobil has consistently reported strong financial performance over the past decade. The company's revenues have grown from $341 billion in 2012 to $355 billion in 2021. Net income has also increased during this period, from $41 billion to $56 billion.
3. Dividend History
Exxon Mobil has a long history of paying dividends to shareholders. The company has increased its dividend for 40 consecutive years, making it one of the longest-running dividend streaks in the S&P 500. The current annual dividend is $3.68 per share, which yields approximately 5% at the current stock price.
4. Growth Prospects
Exxon Mobil is well-positioned for growth in the coming years. The company has a large portfolio of oil and gas assets, including a significant presence in the Permian Basin. Exxon Mobil is also investing in renewable energy, such as solar and wind power, to meet the growing demand for clean energy.
5. Investment Considerations
Exxon Mobil is a large, well-established company with a history of strong financial performance and dividend growth. However, investors should be aware of the risks associated with investing in the oil and gas industry. The price of oil is volatile, and it is subject to economic conditions and geopolitical events.
6. Conclusion
Exxon Mobil Corp. stock is a sound investment for those who seek a combination of income, growth, and stability. The company has a long history of financial performance, dividend growth, and a strong balance sheet. While there are risks associated with investing in the oil and gas industry, Exxon Mobil's diversified portfolio and commitment to clean energy make it a solid choice for long-term investors.
Additional Information
Table 1: Exxon Mobil Corporation Key Financials
Measure | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|
Revenue (USD billions) | 355.2 | 224.6 | 277.1 | 361.3 | 244.3 |
Net income (USD billions) | 56.0 | 14.3 | 35.3 | 20.8 | 19.7 |
Dividends per share (USD) | 3.68 | 3.51 | 3.48 | 3.33 | 3.30 |
Return on equity (%) | 25.5 | 6.6 | 16.3 | 9.4 | 9.3 |
Table 2: Exxon Mobil Corporation Dividend Growth History
Year | Dividend per share (USD) | Change (%) |
---|---|---|
2021 | 3.68 | 4.8% |
2020 | 3.51 | 6.1% |
2019 | 3.48 | 1.5% |
2018 | 3.33 | 0.9% |
2017 | 3.30 | 5.9% |
Table 3: Exxon Mobil Corporation Oil and Gas Reserves
Resource type | Proven reserves (Barrels of oil equivalent) |
---|---|
Oil | 20.8 billion |
Natural gas | 17.6 billion cubic feet |
Natural gas liquids | 4.3 billion barrels |
Table 4: Exxon Mobil Corporation Clean Energy Investments
Project | Investment |
---|---|
Solar power | $5.5 billion |
Wind power | $3.2 billion |
Carbon capture and storage | $1.4 billion |
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