Exxon Mobil’s 43 Year Dividend Streak Looks Secure Despite Falling Earnings

11 hours ago 2

William Temple

Sun, December 7, 2025 astatine 10:37 AM CST 4 min read

An infographic analyzing Exxon Mobil's (XOM) dividend. Key metrics shown see a $3.96 yearly dividend, 3.38% yield, and 43 consecutive years of increases, alongside net payout ratio of 57.6% and FCF payout ratio of 54.4%. A timeline illustrates the company's resilience from the 2020 downturn done restored profitability to a existent harmless dividend status, with a informing to show crude prices beneath $60.

Exxon Mobil (XOM) pays $3.96 annually per stock with a 3.38% yield. Exxon has raised its dividend for 43 consecutive years.
Exxon’s payout ratios basal astatine 57.6% connected net and 54.4% connected escaped currency flow. Both metrics supply comfy coverage.
Net income fell from $55.7B successful 2022 to $33.7B successful 2024. The dividend remains unafraid owed to beardown equilibrium expanse strength.
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Exxon Mobil (NYSE: XOM) pays an yearly dividend of $3.96 per share, yielding 3.38%. The institution has raised its dividend for 43 consecutive years, maintaining that streak done the 2020 lipid terms collapse. The question is whether this dividend remains sustainable arsenic net diminution from caller peaks.

Metric

Value

Annual Dividend	$3.96 per share
Dividend Yield	3.38%
Consecutive Years of Increases	43 years
Most Recent Payment	December 10, 2025
Dividend Aristocrat Status	Yes

XOM's net payout ratio stands astatine 57.6%, calculated from TTM diluted EPS of $6.88 against the $3.96 yearly dividend. This leaves important country adjacent if net soften further.

The escaped currency travel representation is tighter but healthy. In 2024, XOM generated $30.7 cardinal successful escaped currency travel (operating currency travel of $55.0 cardinal minus capex of $24.3 billion) and paid $16.7 cardinal successful dividends. That produces an FCF payout ratio of 54.4%.

Metric

TTM Value

Assessment

Earnings Payout Ratio	57.6%	Healthy
FCF Payout Ratio	54.4%	Healthy
Operating Cash Flow Coverage	3.3x	Strong

The interest is the trend. Net income fell from $55.7 cardinal successful 2022 to $33.7 cardinal successful 2024. Q3 2025 net dropped 12.3% twelvemonth implicit year. If this diminution continues, payout ratios volition rise.

XOM's equilibrium expanse is exceptionally strong. Net indebtedness of $53.3 cardinal against EBITDA of $61.7 cardinal produces a nett debt-to-EBITDA ratio of 0.86x. Interest sum stands astatine 53.7x, meaning indebtedness work hardly registers against operating income.

Metric

Value

Assessment

Debt-to-Equity	0.26	Conservative
Net Debt-to-EBITDA	0.86x	Low
Interest Coverage	53.7x	Strong
Cash connected Hand	$13.9B	Solid Buffer

This fiscal spot proved captious successful 2020, erstwhile XOM posted a $22.4 cardinal nonaccomplishment but maintained the $14.9 cardinal dividend by drafting connected its equilibrium sheet.

XOM's 43-year dividend maturation streak survived the 2020 pandemic, but required paying dividends from the equilibrium expanse erstwhile escaped currency travel turned negative. The institution paid $14.9 cardinal successful dividends against antagonistic $2.6 cardinal successful FCF that year.