- Exxon Mobil is a dividend champion that has paid dividends since 1911 and managed to increase them for 32 years in a row.
- One of the largest holders of Exxon Mobil is Warren Buffett, who recently bought the stock through his holding company, Berkshire Hathaway.
- An investment in XOM is a bet that management can find and extract oil cheap, allocate capital effectively, and keep raising earnings and dividends.
- The company is cheap at 12.60 times forward earnings and a current yield of 2.85%. I am slowly building a position in the stock.