Key facts: Exxon Mobil raises dividend to 3.4%; sells 22,000 tons of gasoline; withdraws Forties cargo offers
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Exxon Mobil raised its dividend yield to 3.4%, surpassing the utilities sector's average of 2.7%, amid low oil prices, reflecting a trend among major oil firms to maintain dividends.1ExxonMobil, with Trafigura and Equinor, sold 22,000 metric tons of Eurobob E5 gasoline to Shell and BP, boosting gasoline refining profit margins in Northwest Europe.2ExxonMobil withdrew offers for two Forties cargoes on a one-cancels-the-other basis, with one offer for January 9-11 and another for January 12-14, both priced at dated Brent plus $1.00.3
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