CVX vs EQNR: Which Is the Better Dividend Stock?
As of September 2026, CVX and EQNR are closely matched. EQNR offers the higher yield at 3.71%, CVX has the higher dividend-safety score, and EQNR trades at the larger discount to fair value (-27%).
| Metric | CVX | EQNR |
|---|---|---|
| Forward yield | 3.37% | 3.71% |
| Annual dividend | $7.12 | $1.56 |
| Payout ratio | 67% | 41% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 15.5% |
| 5-yr total return | 106% | 65% |
| Dividend safety score | 95 (A) | 58 (C) |
| Fair value estimate | $119.03 | $30.53 |
| Upside to fair value | -43% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $409.2B | $99.9B |
| P/E ratio | 20.1 | 11.4 |
Higher yield
EQNR
3.71%
Safer dividend
CVX
Grade A
Faster growth
EQNR
15.5%
Better value
EQNR
-27% upside
CVX vs EQNR — FAQ
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