Exxon Mobil Corp. (NYSE:XOM) engages in the exploration and production of crude oil and natural gas in the U.S. and internationally.
It will report its Q1 2025 earnings on May 2. Wall Street analysts expect the company to post EPS of $1.70, down from $2.06 in the prior-year period. According to data from Benzinga Pro, quarterly revenue is expected to be $86.09 billion, up from $83.08 billion a year earlier.
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The 52-week range of Exxon Mobil stock price was $97.80 to $126.34.
Exxon Mobil's dividend yield is 3.80%. It paid $3.96 per share in dividends during the last 12 months.
On Jan. 31, the company announced its Q4 2024 earnings, posting total revenues and other income of $83.4 billion, missing the consensus of $86.6 billion, as reported by Benzinga.
Net production in the fourth quarter was 4.6 million oil-equivalent barrels per day, an increase of 20,000 oil-equivalent barrels per day from the prior quarter.
"Financially, we delivered some of our highest earnings and operating cash flow in a decade. We earned returns higher than our peers and well above our cost of capital, and we distributed more cash to shareholders than all but five companies in the entire S&P 500," CEO Darren Woods said.
Check out this article by Benzinga, which decodes Exxon Mobil’s options activity.
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If you want to make $100 per month — $1,200 annually — from Exxon Mobil dividends, your investment value needs to be approximately $31,579, which is around 303 shares at $104.19 each.
Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (3.80% in this case). So, $1,200 / 0.038 = $31,579 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
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The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Exxon Mobil stock an attractive option for making a steady income of $100 per month by owning 303 shares of stock. There may be more upside to come as investors benefit from the company's consistent dividend hikes. Exxon Mobil has raised its dividend consecutively for the last 42 years.
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This article Here's How You Can Earn $100 In Passive Income By Investing In Exxon Mobil Stock originally appeared on Benzinga.com
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