A worker prepares to lift drills by pulley to the main floor of a drilling rig in the Permian basin. Exxon Mobil on Tuesday said it will triple its production of oil and chemical feedstocks in one of the most productive shale basins in the United States and expand infrastructure to bring those products to market by .I initiated Exxon Mobil with a BUY rating in September, and since then, the stock has risen . I keep a close eye on all companies I rate for my followers, and..XOM has raised its dividend for consecutive years and is expected to announce its next dividend hike in April. After two consecutive years of poor cash flows, its annual free cash flows slightly exceeded its annual shareholder distributions last year. However, the oil major has failed to grow its output for .Exxon Mobil s XOM aggressive plans to triple production by comes at a cost $B spending on capital projects this year, $B next year and an average of $B during . "Capex is the price you pay for cash flow," says Chairman and CEO Darren Woods, who notes every $ in capex by .
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