Exxon Mobil (NYSE:XOM) has both opportunities and threats going forward. However, I think that the combined magnitude of the company’s opportunities is larger than the power of the threats facing Exxon Mobil stock. On April 29, Exxon announced that it would maintain its dividend of 87 cents per share. On April 30, the price of West Texas Intermediate was about $12 per barrel. Now it’s nearly tripled to about $35.
Since Exxon did not reduce its dividend when oil was changing hands for $12 per share, it will definitely not lower its payout when oil prices are much higher. Given Exxon’s high dividend yield and attractive valuation, along with rapidly increasing gasoline consumption in the U.S., the company’s shares are still worth buying at this point.
Source: InvestorPlace
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