Why Exxon Shares Are Up Despite First Annual Loss in Decades

The video discusses Exxon's market performance, highlighting a rise in shares due to a commitment to maintain high dividends. Despite a net loss of $22.4 billion due to asset write-downs, Exxon remains committed to its dividend strategy, which is one of the highest in the S&P 500. The company managed to generate enough cash flow to cover dividends and expects to maintain this as long as crude prices remain stable. Future projections indicate potential expense cuts if crude prices fall.

What was the main reason for the rise in Exxon Mobil's shares?

• Acquisition of a competitor

• Increase in oil prices

• Promise to maintain a higher dividend

• Expansion into new markets

What was the total net loss reported by Exxon Mobil for the year?

• $25 billion

• $22.4 billion

• $19.3 billion

• $15 billion

What major financial action contributed to Exxon Mobil's net loss?

• Write-down of US natural gas fields

• Investment in renewable energy

• Acquisition of new assets

• Increase in employee salaries

Which companies, besides Exxon Mobil, pay out more in dividends in the S&P 500?

• Tesla and Netflix

• Amazon and Facebook

• Apple and AT&T

• Microsoft and Google

Under what condition does Exxon Mobil expect to cover its capital spending and dividend?

• If Brent crude is around $40 a barrel

• If Brent crude is around $50 a barrel

• If Brent crude is around $60 a barrel

• If Brent crude is around $70 a barrel