30 Growing Dividend Stocks with Low PE Ratios

14. Exxon Mobil Corporation (NYSE:XOM)

Forward P/E Ratio as of April 22: 13.72

An American multinational oil and gas company, Exxon Mobil Corporation (NYSE:XOM) is among the world’s leading corporations in the integrated production and distribution of fuels, lubricants, and chemical products. The company has been leveraging machine learning to reduce equipment breakdowns, improve operational efficiency, and automate key functions. In an industry where disruptions can lead to major expenses and many sites operate remotely, AI has become a valuable tool, enhancing workflows and enabling partially automated drilling. The company is ultimately moving toward autonomous drilling systems that can detect favorable conditions and execute operations with limited human input.

Supported by robust cash generation, Exxon Mobil Corporation (NYSE:XOM) continues to be a reliable dividend payer. In 2024, it reported $55 billion in operating cash flow, marking its third-strongest performance in the past ten years. In the fourth quarter alone, the company brought in $12.2 billion in operating cash flow and $8 billion in free cash flow. Over the full year, it returned $36 billion to shareholders, including $16.7 billion in dividends.

Exxon Mobil Corporation (NYSE:XOM), one of the best growing dividend stocks, offers a quarterly dividend of $0.99 per share. The company has been making regular dividend payments to shareholders for the past 143 years and has raised its payouts for 42 consecutive years. As of April 22, the stock has a dividend yield of 3.66%.