XOM ExxonMobil Aims to Increase Its Dividend Every Year Until at Least 2030, According to an Analysis Reported by Finviz.The company is already known for its consistent dividend policy: it has increased its dividend for 42 consecutive years, a rarity even among the S&P 500 giants.
In 2024, despite average oil prices, ExxonMobil still generated $34 billion in net income and $55 billion in operating cash flow, demonstrating remarkable strength. Compared to 2019, it has cut structural costs by over $12 billion and maintains very low debt (only 7% of capital), with $18.7 billion in available liquidity and a top-tier credit rating.
Looking ahead, Exxon plans to invest $140 billion by 2030, with up to $30 billion allocated to clean energy projects. These investments are expected to generate an additional $30 billion in annual operating cash flow. Even under a conservative scenario, with oil prices around $65 per barrel (currently above $75), the company estimates cumulative free cash flow of $165 billion between 2025 and 2030.
On this solid foundation, Exxon has already planned $20 billion per year in share buybacks for 2025 and 2026, and targets an average annual dividend growth rate of 6%, considered sustainable in the long term.
ExxonMobil is well-positioned to continue growing and rewarding its shareholders, staying on course for rising dividends through at least 2030. For income-focused and stability-oriented investors, this is a stock worth watching closely.
