APA vs CVX: Which Is the Better Dividend Stock?
As of Nov 8, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.35%, CVX has the higher dividend-safety score, and APA looks like the better value (its fair-value estimate is 20% below its share price).
Key facts: APA vs CVX
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.35%, versus 2.24% for APA Corporation (APA).
- As of Nov 8, 2026, SmarterDividends grades APA's dividend safety B (74/100) and CVX's A (98/100).
- By SmarterDividends' count as of Nov 8, 2026, APA has raised its dividend for 0 consecutive years and CVX for 38.
- As of Nov 8, 2026, APA pays out 16% of its earnings as dividends and CVX pays out 52%.
- As of Nov 8, 2026, APA's fair-value estimate is 20% below its share price and CVX's fair-value estimate is 44% below its share price, so APA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "APA vs CVX: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/apa-vs-cvx
| Metric | APA | CVX |
|---|---|---|
| Forward yield | 2.24% | 3.35% |
| Annual dividend | $1.00 | $7.12 |
| Payout ratio | 16% | 52% |
| Years of growth | 0 yr | 38 yr |
| 5-yr dividend growth | 58.5% | 5.8% |
| 5-yr total return | 73% | 88% |
| Dividend safety score | 74 (B) | 98 (A) |
| Fair value estimate | $35.76 | $119.76 |
| Upside to fair value | -20% | -44% |
| Frequency | quarterly | quarterly |
| Market cap | $15.0B | $414.9B |
| P/E ratio | 7.3 | 15.6 |
Higher yield
CVX
3.35%
Safer dividend
CVX
Grade A
Faster growth
APA
58.5%
Better value
APA
-20% upside
APA vs CVX — FAQ
Is APA or CVX a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). CVX offers the higher yield (3.35%), while CVX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, APA or CVX?
CVX has the higher forward dividend yield at 3.35%, versus 2.24% for APA.
Is APA or CVX safer?
CVX has the higher dividend-safety score (98/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is APA or CVX better value right now?
As of Nov 8, 2026, APA looks like the better value: its fair-value estimate is 20% below its share price (overvalued). For CVX, its fair-value estimate is 44% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.