COP vs CVX: Which Is the Better Dividend Stock?
As of July 2026, COP and CVX are closely matched. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and COP trades at the larger discount to fair value (+40%).
| Metric | COP | CVX |
|---|---|---|
| Forward yield | 2.93% | 3.80% |
| Annual dividend | $3.36 | $7.12 |
| Payout ratio | 55% | 120% |
| Years of growth | 4 yr | 38 yr |
| 5-yr dividend growth | 13.5% | 5.8% |
| 5-yr total return | 107% | 94% |
| Dividend safety score | 75 (B) | 86 (A) |
| Fair value estimate | $160.83 | $154.80 |
| Upside to fair value | +40% | -17% |
| Frequency | quarterly | quarterly |
| Market cap | $140.9B | $377.8B |
| P/E ratio | 19.4 | 32.7 |
Higher yield
CVX
3.80%
Safer dividend
CVX
Grade A
Faster growth
COP
13.5%
Better value
COP
+40% upside
COP vs CVX — FAQ
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