ExxonMobil’s shareholder returns
ExxonMobil (XOM) released its first-quarter earnings on April 26, 2019. ExxonMobil paid $3.5 billion in dividends in Q1 2019. In Q1 2018, the company paid dividends of $3.3 billion. ExxonMobil has paid increasing dividends now for almost the past 36 years. The company aims to pay regular and increasing dividends.
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ExxonMobil’s dividend payment in Q2 2019
ExxonMobil has paid growing dividends for the past several years. In the second quarter, ExxonMobil will pay $0.87 per share on June 10, 2019. The company announced the dividend on April 24, 2019. The dividend payment in Q2 2019 represents 13% growth over the dividends paid in Q2 2017.
ExxonMobil understands that its dividend payments can regularly grow only if its earnings grow consistently. To raise earnings, ExxonMobil needs to invest in growth projects. Thus, ExxonMobil plans to incur optimal capital expenditure to raise its future earnings and dividends.
ExxonMobil’s chair and CEO, Darren Woods, in its first-quarter earnings release, stated, “We are making strong progress on our growth plans and expect to deliver sustained value for our shareholders.”