CVX vs XOM: Which Is the Better Dividend Stock?
As of August 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.56%, CVX has the higher dividend-safety score, and CVX trades at the larger discount to fair value (-32%).
| Metric | CVX | XOM |
|---|---|---|
| Forward yield | 3.56% | 2.57% |
| Annual dividend | $7.12 | $4.12 |
| Payout ratio | 67% | 53% |
| Years of growth | 38 yr | 24 yr |
| 5-yr dividend growth | 5.8% | 2.8% |
| 5-yr total return | 97% | 172% |
| Dividend safety score | 95 (A) | 91 (A) |
| Fair value estimate | $135.16 | $105.21 |
| Upside to fair value | -32% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $392.3B | $658.3B |
| P/E ratio | 19.2 | 20.6 |
Higher yield
CVX
3.56%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
CVX
-32% upside
CVX vs XOM — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.