ExxonMobil (NYSE: XOM) has gained 16% since the beginning of the month but investors believe this is not enough to reverse its downtrend. Apart from worries over the ‘’greener’’ agenda of Joe Biden, investors strongly believe that the company will not be able to avoid a dividend cut. ExxonMobil raises its dividend every year since 1990 but this policy is now close to an end according to many analysts. ‘’ExxonMobil could require $8 billion of new debt to keep its dividend policy unchanged’’. Stocks has lost around 50% since the beginning of 2020.