3 Energy Dividends You Can Still Trust
reducing its capital spending in response to the current relatively low oil prices, but
due to the timing and placement of existing capital projects, it still has new production
coming on line over the next few years. Production is what allows ExxonMobil to pay
its dividends, and that looks very likely to continue, even with today's oil prices.
3. ExxonMobil boasts a AAA debt rating an indication of an exceptionally solid
balance sheet. With a debttoequity ratio around a very low 0.2 to go along with that
topnotch debt rating, there's plenty of flexibility to weather another storm of low oil
prices.
Dividends are still not guaranteed payments, but given those three key reasons,
ExxonMobil looks very well positioned to be able to protect its dividend, even with
today's oil prices below $40 a barrel.
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