Exxon Mobil (XOM)

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Exxon Mobil (XOM) offers a reliable 3.86% dividend yield, strong profitability, and solid financial health, making it a compelling choice for dividend investors.

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During the pre-market trading session on Monday, Shell PLC (NYSE: SHELL) and Occidental Petroleum Corp (NYSE: OXY) climbed 1.75% and 1.41%, respectively, whereas Exxon Mobil Corp (NYSE: XOM) and Chevron Corp (NYSE: CVX) climbed 0.88% and 0.85%, each oil prices witnessed more than 3% surge on Monday. This was because the OPEC+ group decided to maintain the output increase for July, mirroring the hikes of the previous two months.

According to Bloomberg, the list includes $331 million previously allocated to Exxon Mobil for a hydrogen initiative and $170 million intended for Kraft Heinz.

CEO John Hopkins told Bloomberg that the company is working with developer Entra1 in pursuit of contracts to build nuclear power plants with several customers now.

“Business carries on as normal," said senior vice president Neil Chapman, even if the decision favors Chevron.