XOM vs CVX: Which Is the Better Dividend Stock?
As of June 2026, XOM and CVX are closely matched. CVX offers the higher yield at 3.80%, XOM has the higher dividend-safety score, and XOM trades at the larger discount to fair value (-15%).
| Metric | XOM | CVX |
|---|---|---|
| Forward yield | 2.80% | 3.80% |
| Annual dividend | $4.12 | $7.12 |
| Payout ratio | 68% | 120% |
| Years of growth | 24 yr | 38 yr |
| 5-yr dividend growth | 2.6% | 5.8% |
| 5-yr total return | 133% | 79% |
| Dividend safety score | 87 (A) | 86 (A) |
| Fair value estimate | $124.42 | $153.80 |
| Upside to fair value | -15% | -18% |
| Frequency | quarterly | quarterly |
| Market cap | $609.3B | $372.9B |
| P/E ratio | 24.7 | 32.6 |
Higher yield
CVX
3.80%
Safer dividend
XOM
Grade A
Faster growth
CVX
5.8%
Better value
XOM
-15% upside
XOM vs CVX — FAQ
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