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Compare the dividend payout ratios of Exxon Mobil Corporation and Chevron Corporation for the fiscal year 2023: Company Exxon Mobil Corporation Chevron Corporation Dividends Paid

Compare the dividend payout ratios of Exxon Mobil Corporation and Chevron Corporation for the fiscal year 2023:
Company
Exxon Mobil Corporation
Chevron Corporation
Dividends Paid
$8 billion
$6 billion
Net Income
$15 billion
$12 billion
Dividend Payout Ratio

Question:
Calculate the dividend payout ratio for both Exxon Mobil Corporation and Chevron Corporation. Which company has a higher dividend payout ratio?

Company	Exxon Mobil Corporation	Chevron Corporation
Dividends Paid	$8 billion	$6 billion
Net Income	$15 billion	$12 billion
Dividend Payout Ratio

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