Why Exxon Mobil (XOM) Stands Out Among Affordable Dividend Stocks

Exxon Mobil Corporation (NYSE:XOM) is included among the 11 Best Affordable Dividend Stocks to Buy Now.

Why Exxon Mobil (XOM) Stands Out Among Affordable Dividend Stocks

Exxon Mobil Corporation (NYSE:XOM) is an American energy company. It is using artificial intelligence to increase the effectiveness of its work and eventually grow its business.

For example, Exxon Mobil Corporation (NYSE:XOM) has been utilizing machine learning in the past few years to avoid the breakdown of its equipment, raise production levels, and make the process more efficient through automation. It is making the company’s work much easier, and also, the parts of the drilling process that are left are being automated. The intention is that the final stage is the completely automatic drilling where the AI systems can select the most appropriate parameters and, in certain instances, carry out the drilling by themselves, if allowed.

On top of that, Exxon Mobil Corporation (NYSE:XOM) makes use of AI to control the enormous quantities of data the company generates and to avoid ‘data silos’. As machine learning capabilities evolve, both ExxonMobil and other oil majors will be willing to implement these tools more and more.

Furthermore, Exxon Mobil Corporation (NYSE:XOM) is also regarded as a dependable dividend payer and has been increasing its dividend for 42 consecutive years. It offers a quarterly dividend of $0.99 per share, with a dividend yield of 3.51%, as of October 2.

While we acknowledge the potential of XOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XOM and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.