SmarterDividends

CVX vs TRGP: Which Is the Better Dividend Stock?

As of July 2026, CVX and TRGP are closely matched. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and TRGP trades at the larger discount to fair value (-17%).

MetricCVXTRGP
Forward yield3.80%1.77%
Annual dividend$7.12$5.00
Payout ratio120%41%
Years of growth38 yr4 yr
5-yr dividend growth5.8%56.5%
5-yr total return94%544%
Dividend safety score86 (A)56 (C)
Fair value estimate$154.80$235.91
Upside to fair value-17%-17%
Frequencyquarterlyquarterly
Market cap$377.8B$60.6B
P/E ratio32.728.9

Higher yield

CVX

3.80%

Safer dividend

CVX

Grade A

Faster growth

TRGP

56.5%

Better value

TRGP

-17% upside

CVX vs TRGP — FAQ

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