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Is Exxon Mobil Corporation (XOM) the Best American Dividend Stock to Buy Right Now?


Published on 2024-12-11 09:21:07 - Yahoo Finance
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  • We recently compiled a list of the 8 Best American Dividend Stocks To Buy Right Now. In this article, we are going to take a look at where Exxon Mobil Corporation (NYSE:XOM) stands against the other American dividend stocks.

The article from Yahoo Finance discusses Exxon Mobil Corporation (XOM) and its potential as an investment option. It highlights Exxon Mobil's strong financial performance, including its consistent dividend increases for over 35 years, making it a Dividend Aristocrat. The piece notes Exxon's strategic shift towards more sustainable energy solutions while still maintaining its core oil and gas operations. It mentions the company's robust balance sheet, significant investments in low-carbon technologies, and its ability to generate substantial free cash flow, which supports its dividend payments and share buybacks. The article also touches on Exxon's efforts to reduce operational costs and improve efficiency, positioning it well for future growth despite the volatile energy market. Lastly, it suggests that Exxon could be a good pick for investors looking for stability and income in the energy sector, given its diversified portfolio and commitment to transitioning towards cleaner energy sources.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/exxon-mobil-corporation-xom-best-044448801.html ]