A Review of the Nigerian Energy Industry

ExxonMobil, Chevron declare quarterly dividend

25 January 2012, Sweetcrude, HOUSTON – The boards of directors of Exxon Mobil Corporation and Chevron Corporation Wednesday declared quarterly dividend for their respective companies.

Exxon Mobil announced a cash dividend of 47 cents per share on the common stock for the first quarter, payable on March 9, 2012 to shareholders of record of common stock at the close of business on February 10, 2012.

This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2011.

Exxon Mobil said it has, through its dividends, shared its success with its shareholders for more than 100 years and has increased its annual dividend payment to shareholders for twenty-nine consecutive years.

California-based Chevron, in a statement, declared a quarterly dividend of eighty-one cents ($0.81) per share, payable March 12, 2012, to holders of common stock as shown on the transfer records of the corporation at the close of business on February 17, 2012.

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