Exxon’s decision to maintain its $3.48 per share dividend, which currently equates to a yield of 8.2%, makes the shares attractive for … The recent flare-up in Australia, where it’s currently winter, and the fact that there was a strong second wave in the winter Still, since a vaccine is likely to be ready or nearly ready when the second wave of the coronavirus hits, stocks and oil prices may not take too much of a hit if and when such an event occurs.Over the longer term, the rapidly increasing popularity of electric cars will pose a potent threat to oil stocks, including Exxon Mobil stock. The Upstream segment produces crude oil and natural gas.

... Exxon Mobil Corporation Declares Third Quarter Dividend. Follow XOM. 1125 N. Charles St, Baltimore, MD 21201. For example, shares of ExxonMobil (XOM) currently yield well over 8%, but that’s based on the current dividend. IEA … QPP Quindell FTSE. The Downstream segment... Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Given the fact that demand is outpacing supply by 2 million, along with largely positive developments vis-a-vis the pandemic in the U.S., Europe and China, the supply increase should not prevent oil prices from rising over the next month.In the shorter term, there’s a possibility that the coronavirus will worsen between the time when the weather gets colder and a vaccine is ready.

View the latest Exxon Mobil Corp. (XOM) stock price, news, historical charts, analyst ratings and financial information from WSJ.

Weighing on the oil stock were lower oil prices and a report … Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. exxon mobil corp (xom): * exxonmobil and global clean energy holdings sign agreement for renewable diesel. In fact, In conjunction with Russia, OPEC reportedly plans to increase oil output by a combined 1.5 million barrels per day. Investors need to understand that not all stock yields are the same. It operates through the following segments: Upstream, Downstream and Chemical.

Exxon Mobil Stock Has a Fragile Dividend.

Specifically, once the majority of media outlets begin acknowledging that the surge is over, auto travel in the region should sharply rebound, further boosting oil prices and causing Exxon’s shares to advance as a consequence.Further, the easing of the outbreak in the Sunbelt should cause the quarantines that a number of northeastern states are imposing on those who have visited the South to end soon, That, in turn, should boost demand for air travel, further lifting oil demand and Exxon Mobil stock.Meanwhile, as I’ve written previously, within a few months one or more vaccines for the coronavirus should become available. * exxonmobil (xom) - to purchase 2.5 million barrels of renewable diesel per year for five years from converted california refinery starting in 2022 source text for eikon: further company coverage: 45.7308 1.22 (2.74%) Upgrade to Real-Time Regular Market . Unloading the stock at that point would likely protect investors for many meaningful declines of demand for gasoline-powered vehicles in the U.S.Article printed from InvestorPlace Media, https://investorplace.com/2020/08/exxon-mobil-stock-has-strong-positive-drivers/.Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Disastrous Q2 for Exxon Mobil: major new debt raised, while acknowledging that maintaining the dividend is more important than anything else.

To spark a move higher, the oil industry desperately needs a credible catalyst.

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