IEP - Exxon Mobil: The Party Is Over

2023-04-06 08:00:00 ET

Summary

• As many of you know, I am the leader of an Income Investing Group here on Seeking Alpha, so let me share a little of my background as an investor and how that helps shape my thinking here with Exxon Mobil Corporation.
• My father was a stockbroker before me and managed his own retirement portfolio. He called his system the "Diversified Income Method."
• I learned many valuable lessons from my dad. His approach was based on the fact that receiving dividends is not the only way to create retirement income.
• In the following piece, I explain why Exxon Mobil Corporation stock currently does not qualify as a viable income-producing vehicle for prospective shareholders. In other words, the party is over, folks.

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