CVX vs OVV: Which Is the Better Dividend Stock?
As of July 2026, CVX and OVV are closely matched. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and OVV trades at the larger discount to fair value (+23%).
| Metric | CVX | OVV |
|---|---|---|
| Forward yield | 3.80% | 2.08% |
| Annual dividend | $7.12 | $1.20 |
| Payout ratio | 120% | 39% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 26.1% |
| 5-yr total return | 94% | 112% |
| Dividend safety score | 86 (A) | 71 (B) |
| Fair value estimate | $154.80 | $71.26 |
| Upside to fair value | -17% | +23% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $16.2B |
| P/E ratio | 32.7 | 19.0 |
Higher yield
CVX
3.80%
Safer dividend
CVX
Grade A
Faster growth
OVV
26.1%
Better value
OVV
+23% upside
CVX vs OVV — FAQ
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