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Exxonmobil (XOM)

#8

NAME: EXXON MOBIL (STOCK MARKET TICKER: XOM)

BUSINESS: ENERGY (OIL AND GAS)

WHAT I PAID AND WHEN: $91 IN MARCH, 2022

DIVIDEND YIELD: 2.5%

ANNUAL DIVIDEND GROWTH: 2.8%

PAYOUT RATIO: 68%

FOUNDED: 1999

However much we would like to see less pollution, the fact remains that oil and liquefied natural gas (LNG) are likely to remain necessary to keep us warm and in work for years to come.

These fossil fuels are also needed for the production of most plastics and synthetic fibres, so anti-oil protesters should beware they would probably be naked and unshod without them. That’s why I have been a shareholder in oil and gas companies for more than a decade and intend to remain invested in this sector for capital growth and income, despite repeated tax raids.

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