ExxonMobil

From Conservapedia
Jump to: navigation, search

ExxonMobil is an American mineral oil company. It was created in 1999 as a fusion of Exxon and Mobil Oil.

A precursor to ExxonMobil was the Standard Oil Company of John D. Rockefeller. However, in 2016 the Rockefeller family announced it would divest from fossil fuels as quickly as possible and “eliminate holdings” of ExxonMobil.[1]

Stock

Liberals, as they try to promote the global warming hoax, loathe and smear energy companies like ExxonMobil. Wall Street has punished its stock value and ExxonMobil (XOM) was delisted from the DJIA on August 25, 2020, after a stock decline of nearly 40% as exacerbated by the coronavirus pandemic and resulting declines in fuel prices.[2] However, it announced a quarterly dividend of about 8%, which is far higher than available interest rates on cash.

Market Beat observed this about ExxonMobil-:

The company has grown its dividend for the last 13 consecutive years and is increasing its dividend by an average of 4.80% each year. Exxon Mobil pays out 154.67% of its earnings out as a dividend.[3]

External links

References

  1. https://www.reuters.com/article/us-rockefeller-exxon-mobil-investments/rockefeller-family-fund-hits-exxon-divests-from-fossil-fuels-idUSKCN0WP266
  2. https://www.npr.org/2020/08/25/905818004/exxon-mobil-exits-the-dow-drops-its-oldest-member
  3. https://www.marketbeat.com/stocks/NYSE/XOM/dividend/