CVX vs WMB: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.50%, CVX has the higher dividend-safety score, and WMB trades at the larger discount to fair value (-15%).
| Metric | CVX | WMB |
|---|---|---|
| Forward yield | 3.50% | 2.93% |
| Annual dividend | $7.12 | $2.10 |
| Payout ratio | 67% | 82% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 4.6% |
| 5-yr total return | 83% | 156% |
| Dividend safety score | 95 (A) | 71 (B) |
| Fair value estimate | $116.68 | $61.55 |
| Upside to fair value | -44% | -15% |
| Frequency | quarterly | quarterly |
| Market cap | $397.0B | $86.8B |
| P/E ratio | 19.6 | 28.3 |
Higher yield
CVX
3.50%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
WMB
-15% upside
CVX vs WMB — FAQ
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