CVX vs WMB: Which Is the Better Dividend Stock?
As of July 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and WMB trades at the larger discount to fair value (-9%).
| Metric | CVX | WMB |
|---|---|---|
| Forward yield | 3.80% | 2.86% |
| Annual dividend | $7.12 | $2.10 |
| Payout ratio | 120% | 89% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 4.6% |
| 5-yr total return | 94% | 197% |
| Dividend safety score | 86 (A) | 70 (B) |
| Fair value estimate | $154.80 | $66.83 |
| Upside to fair value | -17% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $90.7B |
| P/E ratio | 32.7 | 32.1 |
Higher yield
CVX
3.80%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
WMB
-9% upside
CVX vs WMB — FAQ
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