S&P 500 Dividend Aristocrats List: Sorted By Hedge Fund Sentiment

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

Exxon Mobil Corporation (NYSE:XOM) is an American oil and gas company. In the fourth quarter of 2024, the company reported revenue of $83.4 billion, reflecting a 1.1% decrease compared to the same period the previous year. Since 2019, the company has realized $12.1 billion in Structural Cost Savings, surpassing its industry peers and effectively countering the impact of inflation and expansion. For the year, it achieved 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) remains a major force in the global fossil fuel sector while ramping up its investments in low-carbon energy solutions. Under its 2030 strategy, the company plans to dedicate up to $30 billion toward low-emission initiatives between 2025 and 2030. Moreover, it has collaborated with the Texas General Land Office to establish the largest offshore carbon dioxide storage site in the US Exxon Mobil is also advancing efforts to develop the world’s largest low-carbon hydrogen production facility, expected to produce up to 1 billion cubic feet of hydrogen daily. In the past 12 months, the stock has surged by over 6.5%.

Exxon Mobil Corporation (NYSE:XOM) offers a quarterly dividend of $0.99 per share and has a dividend yield of 3.58%, as of February 23. In FY24, the company demonstrated solid financial strength, generating $55 billion in free cash flow—its third-highest total in the past 10 years. It reported $36.2 billion in total free cash flow for the year and distributed $16.7 billion to shareholders through dividends. Additionally, Exxon Mobil remains committed to its $20 billion annual share buyback program, which is set to continue through 2026. The company has also upheld a 42-year track record of consecutive dividend increases.