UPDATE 1-Exxon Mobil keeps quarterly dividend flat as losses mount - Reuters

FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/File Photo

Energy & Environment

Reuters Staff

HOUSTON (Reuters) - Exxon Mobil Corp XOM.N on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling it expects coming cost-cutting will allow it to continue making the hefty payout.

The decision makes this the first year since 1982 that the largest U.S. oil producer has not raised its shareholder dividend.

Reporting by Jennifer Hiller; Editing by Leslie Adler and David Gregorio

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2020-10-28 22:57:00Z
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