FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi
(Reuters) - Exxon Mobil Corp on Wednesday maintained its quarterly dividend, a move closely watched by investors at a time when the oil industry faces a slump in demand and prices as the coronavirus pandemic puts a break on economic activity.
The company declared a second-quarter cash dividend of $0.87 per share, payable on June 10.
Equinor last week cut its dividend by 67%, while BP maintained its quarterly dividend.
Exxon is set to report its first-quarter results on May 1.
Reporting by Shanti S Nair in Bengaluru; Editing by Maju Samuel
Our Standards:The Thomson Reuters Trust Principles.
https://www.reuters.com/article/us-exxon-mobil-dividend/exxon-mobil-maintains-dividend-even-as-oil-prices-crater-idUSKBN22B38S
2020-04-29 21:19:00Z
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