How much will ExxonMobil pay out in dividends in 2025?

It’s that time of year. Snow is increasingly appearing in weather forecasts, family members are exchanging holiday gift lists, and investors are setting financial goals for 2025. Particularly for income investors, this may include researching potential stocks and examining dividend payouts next year.

With its high-yield dividend and a long streak of increasing payouts, ExxonMobil (NYSE:XOM) is likely to be a stock appearing on investors’ screens. Let’s take a closer look at the oil supermajor and what investors can expect from it in terms of dividends in 2025.

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It’s not just the fact that ExxonMobil has raised its dividend for 42 consecutive years that prompts income investors to consider the stock. Management appears intent on consistently rewarding shareholders. In the company’s first quarter 2024 conference call, CFO Kathy Mikells addressed ExxonMobil’s shareholder-friendly interest in the dividend: “It has to be sustainable. It has to be competitive. It needs to grow.”

In 2022 and 2023, ExxonMobil paid dividends of $14.939 billion and $14.941 billion, respectively. While the company increased its dividend per share by about 4% from 2022 to 2023, the nominal increase in cash dividends paid to shareholders reflects the company’s stock repurchases – something the company expects to do at a rate of about $20 billion per share year will continue.

After ExxonMobil made its last quarterly dividend payment in December, the company will have paid out $3.84 per share to shareholders for 2024. If the company increases the dividend per share by about 4% in 2025 and pays $3.99 per share, it is still likely that the total cash dividend paid out will still be under $15 billion lay.

With its long-standing commitment to rewarding shareholders, ExxonMobil stock is a worthy consideration for greasing the wheels of your passive income machine, and now seems like a great time, with shares trading at just 13.2 times forward earnings be traded.

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