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ExxonMobil (NYSE: XOM) has announced a plan to invest $140 billion in growth projects and its Permian Basin development program through 2030, with expectations of generating returns over 30% on these investments. The company aims for incremental growth of $20 billion in earnings and $30 billion in cash flow by 2030, assuming an average oil price of $60 per barrel. Additionally, it projects a surplus cash flow of $165 billion, allowing for robust shareholder distributions including planned share repurchases of $40 billion by 2026.
Kinder Morgan (NYSE: KMI) has a dividend growth streak of eight years and plans to continue this trend through at least 2030. The pipeline company currently has $8.8 billion in expansion projects and a highly stable cash flow structure, with only 5% exposed to commodity prices. Its ongoing and upcoming natural gas projects are expected to enhance cash flow, supporting its high-yield dividend, currently over 4%.
Both companies stand out for their visibility into growth prospects through 2030, positioning them as attractive options for investors looking for reliable high-yielding dividend stocks.
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