How Safe Is ExxonMobil Stock and Its Dividend?
Oil titan ExxonMobil (NYSE: XOM), remains one of the few oil majors that hasn't cut its dividend this year. But this accomplishment is more due to Exxon being stubborn than it is to Exxon outperforming its competitors.
Exxon's COVID-19-related first- and second-quarter losses were its first quarterly losses in decades. And with West Texas Intermediate (WTI) crude oil prices now below $40 a barrel, Exxon's dividend -- which yields over 9% -- may be in trouble.
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Source Fool.com
