The Role of Exxon Mobil Corporation (XOM) in a Diversified Dividend Stock Portfolio

Exxon Mobil Corporation (NYSE:XOM) is included among the Best Stocks for a Dividend Stock Portfolio.

Exxon Mobil Corporation (NYSE:XOM) stands as a global powerhouse in liquefied natural gas (LNG), with stakes in multiple projects worldwide that collectively produce around 23 million tons annually. Its portfolio includes major interests in Gorgon LNG, Papua New Guinea LNG, and several LNG facilities in Qatar.

LNG is one of the company’s four core strategic priorities through 2027, and Exxon Mobil Corporation (NYSE:XOM) is actively expanding in this area. Among its largest undertakings is the Golden Pass LNG project in the US, a more than $10 billion joint venture with QatarEnergy that is expected to begin exports by late 2025, with capacity for about 18 million tons per year.

Exxon Mobil Corporation (NYSE:XOM) is also partnering with QatarEnergy, Shell, TotalEnergies, and others on the massive North Field expansion in Qatar. This two-phase project will add six LNG trains, increasing total capacity from 77 million tons to 126 million tons annually by 2027, with the first phase carrying an estimated $30 billion price tag.

With these initiatives, Exxon Mobil Corporation (NYSE:XOM) is positioning itself to nearly double its LNG business to around 40 million tons per year by 2030, reinforcing its leadership in the global energy market. Moreover, the company has been rewarding shareholders with growing dividends for the past 42 years. It currently pays a quarterly dividend of $0.99 per share and has a dividend yield of 3.47%, as of September 18.

While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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