ExxonMobil Increases Dividend for 44th Consecutive Year and Announces $20 Billion Buyback Plan
ExxonMobil (XOM) has announced a 3.9% increase in its quarterly dividend to $1.07 per share, marking its 44th consecutive year of dividend growth. The company also revealed plans to execute $20 billion in share buybacks in 2027, supported by robust financial performance and strong free cash flow generation. The company's ability to fund these capital returns is driven by significant earnings growth, particularly in its downstream segment which saw a 303% surge. Despite geopolitical disruptions affecting global energy markets, ExxonMobil generated over $39 billion in free cash flow through the first nine months of 2026. This financial strength follows a long-term strategy to optimize assets and lower portfolio break-even prices.
Tickers: $XOM
Topics: dividend increase earnings report free cash flow share buybacks