Can ExxonMobil's Dividend Survive the Combined Coronavirus-Oil Price Bust?
The stock market is getting impatient with ExxonMobil (NYSE: XOM).
Fellow oil majors Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B), Total SA (NYSE: TOT), and Chevron (NYSE: CVX) have all released plans to sharply reduce 2020 capital spending in the wake of the oil price crash. In response, the market sent their shares soaring. Over the week between March 19 and 25, their share prices rose between 25.8% (Chevron) and 68.8% (Shell's Class A Shares). Exxon, on the other hand, saw shares rise just 12% during that period.
Here's why Exxon's in a risky spot, and why that could cause problems for its dividend.
Source Fool.com
