ExxonMobil (NYSE: XOM) is enormous. The company has a market cap of more than $300 billion, and operates in almost every corner of the globe. It produces millions of barrels per day of oil, supporting global energy demands. Each year, it spends $10s of billions on infrastructure projects around the world to support growth. Yet, like every large corporation, it is beholden to a larger power, the global economy.
The difficult oil environment since 2014 has significantly impacted the company’s stock price. At current prices of just above $76 per share, the company’s dividend