A recent rise in oil prices isn’t enough to fund Exxon Mobil’s dividend entirely from its operating cash flow, according to a Raymond James research note.
In recent quarters, with crude prices under pressure, the big oil company has had to rely on asset sales and debt to help cover its dividend costs. Exxon Mobil (ticker: XOM) said last month that it won’t increase its dividend this year, the first time that will have happened since 1982.
The…
