Exxon Mobil is setting up for the next buying opportunity as oil prices correct. The story for 2024 is that high prices will drive sustained cash flow.
Exxon Mobil and Occidental Petroleum are the top two insider buys in August if for different reasons. In both cases, dividends and dividend growth are here.
While some lawmakers are quick to join in the chorus of complaints about 'Big Oil', it's companies like Exxon that send the bags of cash to Washington for Congress to squander, writes Ray Hennessey.