SmarterDividends

CVE vs CVX: Which Is the Better Dividend Stock?

As of September 2026, CVE and CVX are closely matched. CVX offers the higher yield at 3.37%, CVX has the higher dividend-safety score, and CVE trades at the larger discount to fair value (+46%).

MetricCVECVX
Forward yield1.93%3.37%
Annual dividend$0.62$7.12
Payout ratio23%67%
Years of growth4 yr38 yr
5-yr dividend growth24.8%5.8%
5-yr total return222%106%
Dividend safety score61 (C)95 (A)
Fair value estimate$47.30$119.03
Upside to fair value+46%-43%
Frequencyquarterlyquarterly
Market cap$59.7B$409.2B
P/E ratio12.420.1

Higher yield

CVX

3.37%

Safer dividend

CVX

Grade A

Faster growth

CVE

24.8%

Better value

CVE

+46% upside

CVE vs CVX — FAQ

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