Exxon's CEO On How Oil Giant Plans To Maintain Dividend, Focus On Balance Sheet [Yahoo! Finance News]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance News
Oil giantExxon Mobil CorporationXOMdividendCNBC's "Squawk Box."CEO Says Exxon's Focus UnchangedExxon remains committed to satisfying the needs of its large retail investor base in paying dividends, and it won't shy away from tapping its balance sheet to come up with cash if needed in the short-term, Woods said.The main focus of the balance sheet remains unchanged in that it is needed to support new projects, he said.Exxon was on the receiving end of an S&P rating downgrade in March from AA+ stable to AA stable, but this has no impact on how management looks at its balance sheet, the CEO said.Recovery Will Come, Woods SaysAn oil recovery is "on the way," but the exact timing can't be anticipated, Woods said.Exxon's current strategy is to invest in projects with no particular recovery curve to "get through" current headwinds, he said.What's Next For ExxonImproving standards of living and economic growth are among the two largest drivers of demand for oil, the CEO said.These trends will
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- 10/31/25 - Beat
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- 12/2/25 - Form 4
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- 12/2/25 - Form 4
- XOM's page on the SEC website