Does Exxon Mobil (XOM) Pay a Dividend? (2026)
Last updated July 2026
Short answer
Yes. Exxon Mobil (XOM) pays a dividend yielding about 2.65% as of August 2026, paid quarterly, four times a year. The latest payment on record was $1.03 per share, ex-dividend May 15, 2026. The forward annual rate is roughly $4.12 per share, about $265 a year on a $10,000 position before tax. The payout takes about 68% of earnings. Figures are approximate and dated; verify the current number with your broker.
Does Exxon Mobil (XOM) pay a dividend?
Yes. Exxon Mobil distributes a dividend yielding roughly 2.65% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $1.03 per share, with an ex-dividend date of May 15, 2026. Annualized, that is about $4.12 per share.
An integrated oil major like Exxon is best read through the commodity cycle rather than a single quarter. Earnings swing with oil and gas prices, so a high-price year can produce far more profit than a low-price year even with similar production. The key is whether free cash flow comfortably funds the dividend and buybacks across the cycle; Exxon's low-cost Permian and Guyana barrels are meant to do exactly that. These stocks typically trade at low-to-moderate P/E multiples because the market discounts the cyclicality and long-term energy-transition uncertainty.
XOM dividend at a glance
| 2026-05-15 | $1.03 |
| 2026-02-12 | $1.03 |
| 2025-11-14 | $1.03 |
| 2025-08-15 | $0.99 |
| 2025-05-15 | $0.99 |
| 2025-02-12 | $0.99 |
XOM dividend data as of August 2026, sourced from Yahoo Finance and may be delayed. Yield moves with price and payout; confirm the current dividend and ex-date with XOM's investor relations page before relying on it.
Is the XOM dividend covered?
Exxon Mobil paid out about 68% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion.
Coverage is the question worth asking before yield. A dividend is only as good as the earnings behind it, and the highest yields on any screen are often the ones closest to being cut. Walnut is informational and is not an investment adviser.
How the XOM dividend has changed
The latest payment of $1.03 per share compares with $0.99 in the equivalent payment a year earlier (May 15, 2025). That is a change of 4.0% over the year.
A single year says little on its own. What dividend-growth investors track is the multi-year record: whether the payout has risen through a downturn, and whether the raises have kept pace with inflation. That record is on XOM's investor relations page.
What XOM's dividend means for you
- Income: about $265 a year per $10,000 invested, before tax.
- Yield is a ratio, not a payment: it rises when the share price falls. A jump in yield without a raise in the dividend means the stock got cheaper, which may or may not be good news.
- Total return: for XOM the dividend is one part of return and price change is usually the larger part. Compare total return, not yield, when weighing it against another holding.
- Reinvest or take the cash: a DRIP compounds the position automatically; taking the cash gives you income now. Either way it is taxable in a taxable account.
- If you want more yield: dedicated dividend names and funds target higher, steadier payouts. See the best dividend stocks and best dividend ETFs.
How XOM dividends are taxed
Dividends from US common stock are usually qualified, which means they are taxed at long-term capital-gains rates rather than as ordinary income, as long as you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs and BDCs generally do not qualify and are taxed as ordinary income. Inside an IRA, Roth, or 401(k) none of this applies while the money stays in the account. Full detail is in how dividends are taxed. This is not tax advice.
The bottom line on the XOM dividend
Exxon Mobil (XOM) pays about 2.65%, or roughly $4.12 per share a year. At that level the dividend is a modest supplement rather than the reason to own it: the case rests on total return. For the full picture see the XOM guide. Walnut can show how XOM fits your real portfolio. It is not an investment adviser.
Investing in Exxon Mobil with AI
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FAQ
Does Exxon Mobil (XOM) pay a dividend?
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Yes. Exxon Mobil pays a dividend yielding roughly 2.65% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $1.03 per share with an ex-dividend date of May 15, 2026. That works out to a forward annual rate of about $4.12 per share. Yields move with the share price, so verify the current figure with your broker or XOM's investor relations page before relying on it.
What is XOM's dividend yield?
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About 2.65% as of August 2026. On a $10,000 position that is roughly $265 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so XOM yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.
How often does XOM pay its dividend?
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Exxon Mobil pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of May 15, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on XOM's investor relations page, because boards can change both the amount and the timing.
When is XOM's ex-dividend date?
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The ex-dividend date recorded in our August 2026 data pull is May 15, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check XOM's investor relations page for the next confirmed date.
Has Exxon Mobil raised its dividend recently?
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Yes. The latest payment of $1.03 per share is above the $0.99 paid in the same slot a year earlier, an increase of about 4.0%. One raise is not a policy, though: check the multi-year record on XOM's investor relations page, since a long streak of increases is what dividend-growth investors actually look for.
Is XOM's dividend safe?
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Exxon Mobil paid out about 68% of its earnings as dividends, so the dividend takes a large share of earnings. It is covered, but future increases depend more on earnings growth than on stretching the payout further, and a bad year leaves less cushion. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.
How much would I earn in dividends from a $10,000 position in XOM?
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At a yield of about 2.65%, roughly $265 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.
Are XOM dividends qualified for tax purposes?
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Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.
Should I reinvest XOM dividends?
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Most brokers offer automatic reinvestment (a DRIP) that puts each XOM payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.
Does XOM pay a dividend?
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Yes. Exxon Mobil is a Dividend Aristocrat with a 43-year streak of consecutive annual dividend increases. It recently raised its quarterly dividend to about $1.03 per share, an annual rate near $4.12, which works out to a yield of roughly 3%. The payout is supported by an earnings payout ratio around 60%.
Is the Exxon dividend safe, and what about the energy transition?
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Exxon's dividend is backed by a 43-year increase streak and a payout ratio near 60%, and its low-cost Permian and Guyana barrels help fund it across price cycles, though no dividend is guaranteed if oil prices fall sharply for an extended period. The longer-term question is the energy transition: if oil and gas demand declines faster than expected, future cash flows could come under pressure, which is why Exxon is also investing in Low Carbon Solutions.
Walnut is informational, not investment advice. Dividend figures on this page come from a August 2026 data pull and are approximate; verify the current yield, amount, schedule, and policy with XOM's investor relations page or your broker before acting on them.
Guides that feature XOM
XOM is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.