How Safe Is ExxonMobil and Its Dividend?
ExxonMobil (NYSE: XOM) is unquestionably in a tight spot as the coronavirus pandemic has sucked demand out of the energy sector. Revenue has tumbled, profits narrowed, capital expenditures have reduced, and job cuts have been announced.
One thing that hasn't been touched, however, is the oil giant's dividend. Although Exxon didn't raise the payout this year -- the first time in 18 years it hasn't done so -- it didn't cut it either.
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Source Fool.com