TRGP vs XOM: Which Is the Better Dividend Stock?
As of September 2026, TRGP (Targa Resources Corp.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. XOM offers the higher yield at 2.60%, XOM has the higher dividend-safety score, and TRGP trades at the larger discount to fair value (-16%).
| Metric | TRGP | XOM |
|---|---|---|
| Forward yield | 1.73% | 2.60% |
| Annual dividend | $5.00 | $4.12 |
| Payout ratio | 41% | 53% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 56.5% | 2.8% |
| 5-yr total return | — | 154% |
| Dividend safety score | 53 (C) | 92 (A) |
| Fair value estimate | $245.30 | $88.66 |
| Upside to fair value | -16% | -46% |
| Frequency | quarterly | quarterly |
| Market cap | $60.5B | $652.6B |
| P/E ratio | 27.7 | 20.4 |
Higher yield
XOM
2.60%
Safer dividend
XOM
Grade A
Faster growth
TRGP
56.5%
Better value
TRGP
-16% upside
TRGP vs XOM — FAQ
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