CNQ vs XOM: Which Is the Better Dividend Stock?
As of July 2026, CNQ (Canadian Natural Resources Limited) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CNQ offers the higher yield at 4.01%, XOM has the higher dividend-safety score, and CNQ trades at the larger discount to fair value (+8%).
| Metric | CNQ | XOM |
|---|---|---|
| Forward yield | 4.01% | 2.80% |
| Annual dividend | $1.76 | $4.12 |
| Payout ratio | 46% | 68% |
| Years of growth | 10 yr | 24 yr |
| 5-yr dividend growth | 22.1% | 2.8% |
| 5-yr total return | 171% | 170% |
| Dividend safety score | 73 (B) | 87 (A) |
| Fair value estimate | $47.19 | $131.52 |
| Upside to fair value | +8% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $91.7B | $614.9B |
| P/E ratio | 11.8 | 24.8 |
Higher yield
CNQ
4.01%
Safer dividend
XOM
Grade A
Faster growth
CNQ
22.1%
Better value
CNQ
+8% upside
CNQ vs XOM — FAQ
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