Exxon pledges to safeguard dividend despite first annual loss in at least 40 years
The Irving-based oil giant is emerging from the wreckage of 2020 facing the worst crisis in its modern history.
Exxon Mobil's dividend pledge comes on the heels of a $19.3-billion writedown of U.S. natural gas and other assets, and the lowest production since the 1999 Mobil Corp. merger.(ERIC PIERMONT / AFP via Getty Images)
Exxon Mobil Corp. on Tuesday pledged to safeguard its mammoth dividend after posting its first annual loss in at least 40 years, a show of defiance by an oil driller besieged by activist investors, lawmakers and climate-change campaigners.