DVN vs XOM: Which Is the Better Dividend Stock?
As of September 2026, DVN and XOM are closely matched. DVN offers the higher yield at 2.66%, XOM has the higher dividend-safety score, and DVN trades at the larger discount to fair value (+102%).
| Metric | DVN | XOM |
|---|---|---|
| Forward yield | 2.66% | 2.54% |
| Annual dividend | $1.28 | $4.12 |
| Payout ratio | 23% | 53% |
| Years of growth | 0 yr | 24 yr |
| 5-yr dividend growth | 18.0% | 2.8% |
| 5-yr total return | 35% | 171% |
| Dividend safety score | 64 (C) | 92 (A) |
| Fair value estimate | $97.05 | $89.06 |
| Upside to fair value | +102% | -44% |
| Frequency | quarterly | quarterly |
| Market cap | $52.9B | $655.7B |
| P/E ratio | 10.4 | 20.5 |
Higher yield
DVN
2.66%
Safer dividend
XOM
Grade A
Faster growth
DVN
18.0%
Better value
DVN
+102% upside
DVN vs XOM — FAQ
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