CVX vs MPC: Which Is the Better Dividend Stock?
As of July 2026, CVX and MPC are closely matched. CVX offers the higher yield at 3.80%, MPC has the higher dividend-safety score, and CVX trades at the larger discount to fair value (-17%).
| Metric | CVX | MPC |
|---|---|---|
| Forward yield | 3.80% | 1.25% |
| Annual dividend | $7.12 | $3.91 |
| Payout ratio | 120% | 25% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 10.0% |
| 5-yr total return | 94% | 427% |
| Dividend safety score | 86 (A) | 88 (A) |
| Fair value estimate | $154.80 | $244.98 |
| Upside to fair value | -17% | -22% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $92.1B |
| P/E ratio | 32.7 | 20.6 |
Higher yield
CVX
3.80%
Safer dividend
MPC
Grade A
Faster growth
MPC
10.0%
Better value
CVX
-17% upside
CVX vs MPC — FAQ
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