Exxon Mobil and Chevron have recently reported one of their worst quarterly results ever, thanks to weak oil prices.
The two, however, have stuck with their dividend policies, and the decision actually makes sense considering the improvement in the outlook for oil.
But remember, we are not out of the woods yet.
Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two leading US oil companies, have recently reported one of their worst quarterly results in years. Both have seen their revenues, earnings and cash flows plunge as oil prices dipped to their lowest levels in more than 10 years. The two companies, however, have moved to allay investor concerns regarding dividends.
Are dividends really safe? For this, we’ll need to dig a little deeper...