Is Anyone Paying Attention? XOM's Share Re-Purchases And Increased Dividends For 2022 -- August 1, 2022

ExxonMobil:

• annual dividend: $3.52; yields 3.63%.

Now look at this, link here or here:

Exxon Mobil’s pledge to return approximately $30 billion via share repurchases and a nearly equivalent amount via dividends in 2022.

Let's do the math.

That statement clearly states $30 billion ... share repurchases and a nearly equivalent amount via dividends in 2022.

A nearly equivalent amount: that would be $30 billion.

First question: how many outstanding XOM shares? 4.21 billion shares outstanding. 

The arithmetic isn't that difficult to do:

$30 billion / 4.21 billion shares = 30/4.21 = $7.125 per share.

First two quarters:

• ($3.52 dollars/2) x 4.21 billion shares = $1.76 x 4.21 billion shares = $7.4 billion dollars paid so far this year in dividends (two quarters).

For the full year (2022): $30 billion.

$30 billion  - $7.4 billion = $22.6 billion for the last two quarters.

$22.6 billion / 4.21 billion shares = $5.37 / share for two quarters = $2.68 / quarter (for the last two quarters) vs the current ($3.52 / 4) = eighty-eight cents/share /quarter.

Disclaimer: I make a lot of simple arithmetic errors.

I guess a simpler way to check:

$30 billion / 4.21 billion shares = $7.125 per share.

So, for the entire year, "we" have to get to $7.125 per share.

So, far, 88 cents x 2 = $1.76 / share has been paid.

$7.125 - $1.76 = $5.365 / share yet to be paid, divided by two quarters = $2.68 / share per quarter for the remaining two quarters (vs 88 cents) in the last two quarters of 2022. 

 I'll believe it when I see it.