ExxonMobil: A Solid Stock for Long-Term Investment
Integrated Business Model and Growing Dividend Payout
ExxonMobil is a global leader in the oil and gas industry with a history of strong capital management and dividend payouts. Its integrated business model across the energy supply chain, including exploration, production, refining, and transportation, allows it to weather fluctuations in oil and gas prices. This has enabled ExxonMobil to consistently raise its dividend for 41 consecutive years, yielding over 3% annually.
Robust Cash Flows and Improving Balance Sheet
High oil prices in recent years have strengthened ExxonMobil's financial position. The company has used these cash flows to pay down debt, repurchase shares, and increase its dividend payout. ExxonMobil has