Right. So, passive income. It’s the dream, isn’t it? Wake up, money magically appears. I’ve been reading about ExxonMobil (XOM 2.44%) and the idea is… well, if you invest ten thousand dollars, you apparently get a few hundred dollars a year in dividends. It’s not going to fund a yacht, obviously, but it’s better than nothing. I mean, let’s be honest, most of my investments currently fund the coffee shop and the occasional impulse purchase. Still, 2.7% yield. It’s… something.
I’ve made a list, actually. A list of things I’m supposed to be doing with my money. 1. Pay off student loans. 2. Invest for the future. 3. Not buy another pair of boots I don’t need. ExxonMobil is, theoretically, item number two. It’s been paying dividends for 43 years, which is… reassuring. In this economy, longevity feels like a superpower.
The Oil & Gas Thing. It’s Complicated.
Apparently, ExxonMobil is a ‘giant’ in the oil and gas industry. Which, okay, no surprise there. They do everything. Digging it up, turning it into fuel, making plastic… the whole shebang. It’s all very…efficient. They’re shifting towards ‘advantaged assets’ – which basically means stuff that’s cheaper to get out of the ground. They want 65% of their operations to be like that by 2030. Which, logically, makes sense. Though the whole ‘oil and gas’ thing does feel a bit…yesterday, doesn’t it? Still, they’re making money. Which is…a plus.
They also have all these clever technologies. ‘Cube development’ – drilling lots of wells at once. Sounds…intense. And a special kind of gravel they use. ‘Proppant’ – apparently it makes the drilling more efficient. They’re using it in 25% of their wells now, aiming for 50% by next year. It’s all very technical. Honestly, I’m starting to feel a bit inadequate. I can barely operate the coffee machine.
And scale. Apparently, they’re good at building big things. Three times as many ‘mega-projects’ as their competitors. Which means…lower costs. They’ve saved 15.1 billion dollars since 2019. It’s impressive. Though I suspect a significant portion of that saving involves exploiting loopholes and aggressively negotiating with suppliers. But who am I to judge?
So, Will I Actually Buy Some?
Production in the Permian Basin is at a record high. They’re predicting even more by 2030. The CEO, Darren Woods, apparently thinks there’s no limit. Which feels… optimistic. But then again, CEOs are paid to be optimistic. I’ve been told it’s a key skill.
The thing is, oil and gas prices fluctuate. It’s a commodity. It goes up, it goes down. But ExxonMobil seems to be managing its finances reasonably well. They’re investing in technology, keeping costs down. They’re still profitable even when oil prices aren’t soaring. Which is… encouraging. And the dividend. That 2.7%. It’s not a fortune, but it’s a start. I mean, it’s probably less than I spend on avocado toast each month, but still…
Units of Cryptocurrency Lost: 12. Hours Spent Watching Charts: 9. Number of Panicked Texts to Friends: 24. So, maybe, just maybe, a small investment in ExxonMobil wouldn’t be the worst idea. It’s certainly less stressful than trying to understand NFTs. Though, honestly, the entire financial system feels like a carefully constructed house of cards. Still, a girl can dream of passive income, can’t she?
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2026-02-21 04:52