Will Exxon increase its dividend in 2023? (2024)

Will Exxon increase its dividend in 2023?

The company spent $14.9 billion on dividends in 2023 and another $17.4 billion on buybacks, equaling nearly all of its free cash flow. Those figures will be even higher going forward, given Exxon's announcement of a 4% dividend hike and $20 billion annual buyback target late last year.

What is the dividend for Exxon in 2023?

The Corporation declared a fourth-quarter dividend of $0.95 per share, payable on Dec. 11, 2023, to shareholders of record of Common Stock at the close of business on Nov. 15, 2023. The company has increased its annual dividend for 41 consecutive years, including this increase of $0.04 per share, or 4 percent.

What is the dividend for XOM 2024?

Exxon Mobil's next dividend payment date is on Mar 11, 2024, when Exxon Mobil shareholders who own XOM shares before Feb 13, 2024 will receive a dividend payment of $0.95 per share. Add XOM to your watchlist to be reminded of XOM's next dividend payment.

What is XOM outlook for 2023?

Exxon produced 3.73 million oil-equivalent barrels per day in 2023, largely flat compared with the year prior. Production in the Permian Basin and Guyana increased 18% over 2022. The company expects net average production of 3.8 million barrels per day in 2024.

Where will XOM stock be in 5 years?

Exxon Mobil stock price stood at $101.55

According to the latest long-term forecast, Exxon Mobil price will hit $110 by the end of 2024 and then $125 by the middle of 2026. Exxon Mobil will rise to $150 within the year of 2028 and $200 in 2033.

Did Exxon Mobil raise their dividend?

The company spent $14.9 billion on dividends in 2023 and another $17.4 billion on buybacks, equaling nearly all of its free cash flow. Those figures will be even higher going forward, given Exxon's announcement of a 4% dividend hike and $20 billion annual buyback target late last year.

What is next share dividend for 2023?

Dividend history
Dividend payment dateInterim / FinalCash dividend paid per share (pence)
3 Jan 2024Interim66.00
1 Aug 2023Final140.00
3 Jan 2023Interim66.00
1 Aug 2022Ordinary127.00
55 more rows

When did Exxon go ex dividend?

Exxon Mobil Dividend Information

Exxon Mobil has an annual dividend of $3.80 per share, with a forward yield of 3.68%. The dividend is paid every three months and the last ex-dividend date was Nov 14, 2023.

What is the XOM forecast for 2025?

According to the price forecast by Long Forecast analysts, the Exxon Mobil stock will be priced at 171 USD at the beginning of 2025.

What is the stock price forecast for XOM in 2025?

Future price of the stock is predicted at 191.89710273974$ (88.19% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 188.19$ on 2025 February 05, Wednesday.

What is the next ex dividend date for Exxon Mobil 2023?

XOM Dividend History
Ex/EFF DateTypePayment Date
02/13/2024Cash03/11/2024
11/14/2023Cash12/11/2023
08/15/2023Cash09/11/2023
05/15/2023Cash06/09/2023
75 more rows

How high can Exxon stock go?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 124.33, with a high estimate of 149.00 and a low estimate of 105.00. The median estimate represents a +21.95% increase from the last price of 101.95.

Is Exxon a good buy right now?

Exxon Mobil has a conensus rating of Moderate Buy which is based on 9 buy ratings, 6 hold ratings and 0 sell ratings. The average price target for Exxon Mobil is $126.29. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Exxon Mobil a buy sell or hold?

Exxon Mobil has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 10 buy ratings, 8 hold ratings, and no sell ratings.

What is the future of Exxon Mobil?

Exxon projected earnings and cash flow to rise through 2027 by $14 billion on a combination of cost cutting, higher oil output from Guyana and U.S. shale and gains in its refining and chemicals business. The company is forecast to earn $37.2 billion this year, according to financial firm LSEG.

What was Exxon last dividend?

The XOM stock shareholders received the last dividend payment of $0.95 per share on December 11, 2023 . Exxon Mobil Corporation's next dividend payment has not been announced at this time.

Will Exxon stock go back up?

Stock Price Forecast

The 24 analysts offering 12-month price forecasts for Exxon Mobil Corp have a median target of 124.33, with a high estimate of 149.00 and a low estimate of 105.00. The median estimate represents a +20.54% increase from the last price of 103.14.

Will Exxon raise its dividend in 2023 October?

The Corporation declared a fourth-quarter dividend of $0.95 per share, payable on Dec. 11, 2023, to shareholders of record of Common Stock at the close of business on Nov. 15, 2023. The company has increased its annual dividend for 41 consecutive years, including this increase of $0.04 per share, or 4 percent.

Why is Exxon stock down?

Exxon Mobil (NYSE:XOM) posted strong Q4 2023 earnings on Feb. 2, but shares still fell in pre-market trading. Revenue of $84.3 billion missed expectations by just 1%, and the company's earnings per share of $2.48 outperformed predictions of $2.21 by 12%.

Which stock will give bonus share in 2023?

Bonus
COMPANYBonus RatioDATE
Standard Capita2:129-12-2023
Alphalogic Tech1:322-12-2023
Axita Cotton1:325-12-2023
Kritika Wires2:119-12-2023
81 more rows

What stock will make the most money in 2023?

With the “bigger is better” principle in mind, here are the four top performers of 2023, all of which have rally-continuation potential: Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Palo Alto Networks (NASDAQ:PANW), and Advanced Micro Devices (NASDAQ:AMD).

Which stock has the highest return in 2023?

Coinbase, Nvidia, Palantir, and other tech names dominate the list of the year's best stocks. Amid a strong stock market rally in 2023, Coinbase COIN performed best among U.S.-listed stocks covered by Morningstar analysts, as the cryptocurrency exchange platform rebounded from a steep downturn in 2022.

Why do stocks go up before ex-dividend date?

Because investors know they will receive a dividend if they purchase a stock before its ex-dividend date, they are often willing to buy it at a premium. This often causes the price of a stock to increase in the days leading up to its ex-dividend date.

Can you buy on the ex-dividend date and still get the dividend?

The ex-dividend date or "ex-date" is the day the stock starts trading without the value of its next dividend payment. Typically, this date is one business day before the record date, meaning that an investor who buys the stock on its ex-dividend date or later will not be eligible to receive the declared dividend.

Why sell stock before ex-dividend date?

The ex-dividend date occurs first. You must have acquired your shares before the ex-dividend date in order to receive a dividend. If you acquired your shares on or after the ex-dividend date, the previous owner will receive the dividend. Sell your shares on or after the Ex-Dividend Date and you'll receive the dividend.

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