11. Exxon Mobil Corporation (NYSE:XOM)
Number of Billionaire Investors: 16
Dividend Yield as of March 3: 3.63%
Exxon Mobil Corporation (NYSE:XOM) ranks eleventh on our list of the best dividend stocks according to billionaires. The company continues to strengthen its financial position by refining its portfolio and effectively managing capital expenditures through technology-driven efficiencies and a well-structured project organization. With its vast resources, advanced technological capabilities, and global presence, the company is well-positioned to seize emerging opportunities in carbon capture and storage, biofuels, and hydrogen production. These initiatives not only help diversify its revenue streams but also reduce risks associated with the energy transition while creating new growth prospects aligned with broader decarbonization efforts.
In Q4 2024, Exxon Mobil Corporation (NYSE:XOM) reported $83.4 billion in revenue, reflecting a 1.1% year-over-year decline. Since 2019, the company has achieved $12.1 billion in structural cost savings, outperforming industry peers and helping offset inflationary pressures and expansion costs. For the full year, it delivered the highest return on capital employed in its sector at 12.7%, with a five-year average of 10.8%.
Exxon Mobil Corporation (NYSE:XOM) currently pays a quarterly dividend of $0.99 per share and has a dividend yield of 3.63%, as of March 3. It posted strong financial results in fiscal 2024, generating $55 billion in free cash flow—the third-highest in the past decade. Total free cash flow for the year stood at $36.2 billion, while $16.7 billion was distributed to shareholders through dividends. The company remains committed to its $20 billion annual share repurchase program, which is set to continue through 2026. In addition, it has upheld a 42-year track record of consecutive dividend increases.
