ExxonMobil Layoffs Of 15% But No Dividend Cut: Is Exxon (XOM) And Energy Sector Stocks A Buy?

ExxonMobil Layoffs Of 15% But No Dividend Cut: Is Exxon (XOM) And Energy Sector Stocks A Buy? Exxon Mobil will report earnings on Friday and there will be layoffs of 15%, but the Exxon dividend will not be cut. Royal Dutch Shell (RDSB, RDSA) reported earnings and actually increased dividends. Has the energy sector bottomed out yet or will oil prices fall further? One argument against Exxonmobil and continued crude oil price weakness is that we are moving away from oil and into renewable energy soon. Another argument against oil stocks like XOM, CVX, and XLE is that demand will be permanently lowered from less plane travel, and more people permanently working from home. Exxonmobil stock now has a dividend yield of over 10%. Should you buy Exxon stock or stick with a energy ETF like XLE or VDE?

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