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Exxon, Chevron raise dividends ahead of 1Q results

By Washington Examiner
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NEW YORK (AP) — Exxon Mobil Corp. and Chevron Corp. announced Thursday that they are raising their dividends just ahead of quarterly financial reports that are expected to show more than $13 billion in combined earnings.

Exxon Mobil, the nation’s largest oil company, hiked its dividend by 9.5 percent, to 69 cents per share from 63 cents. The Irving, Texas-based company said the dividend will be payable June 10 to investors who own the shares on May 13.

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