Exxon Mobil CorpXOM
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Exxon extended dividend streak, announced $20B buyback, strong earnings and cash flow, boosting shareholder returns.
Impact on stocks 1
Energy Transition & Power Demand
Exxon Mobil CorpExxon Mobil has extended its dividend growth streak to 43 consecutive years with a quarterly payout of $1.03 per share, even as WTI crude oil touched lows near $55 per barrel in late 2025. The company's CEO, Darren Woods, projects that free cash flow will double by 2030, supported by $16.3 billion in cumulative cost savings and the Guyana project, which has now recovered its $55 billion investment. A $20 billion buyback plan for 2026 boosts total shareholder yield above the headline dividend yield of 2.55%. In the second quarter of 2026, Exxon reported earnings of $14.5 billion and free cash flow of over $17 billion, returning more than $9 billion to shareholders while cutting net debt by over $7 billion. Shares have risen 39.15% year to date, and the next dividend increase, typically announced with the fourth-quarter declaration, will test whether Guyana's cash flow supports a larger raise or buyback.
Exxon Mobil CorpExxon extended dividend streak, announced $20B buyback, strong earnings and cash flow, boosting shareholder returns.