ExxonMobil and Enterprise Products Partners Enhance Growth Profiles with New Partnership

ExxonMobil and Enterprise Products Partners have formed a joint venture to own the Bahia natural gas liquids pipeline, increasing its capacity to 1 million barrels per day. This partnership enhances their growth profiles, supporting expected 30% NGL production growth in the Permian Basin by 2030. ExxonMobil has raised its dividend for 43 consecutive years, while Enterprise Products Partners has raised its quarterly distribution for 27 years. Both offer high dividend yields, with ExxonMobil at 3.5% and Enterprise Products Partners at 6.8%.