BP vs CVX: Which Is the Better Dividend Stock?
As of Oct 25, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. BP offers the higher yield at 3.93%, CVX has the higher dividend-safety score, and BP looks like the better value (its fair-value estimate is 28% below its share price).
Key facts: BP vs CVX
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, BP p.l.c. (BP) has the higher forward dividend yield at 3.93%, versus 3.05% for Chevron Corporation (CVX).
- As of Oct 25, 2026, SmarterDividends grades BP's dividend safety B (68/100) and CVX's A (95/100).
- By SmarterDividends' count as of Oct 25, 2026, BP has raised its dividend for 4 consecutive years and CVX for 38.
- As of Oct 25, 2026, BP pays out 95% of its earnings as dividends and CVX pays out 67%.
- As of Oct 25, 2026, BP's fair-value estimate is 28% below its share price and CVX's fair-value estimate is 52% below its share price, so BP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BP vs CVX: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/bp-vs-cvx
| Metric | BP | CVX |
|---|---|---|
| Forward yield | 3.93% | 3.05% |
| Annual dividend | $2.02 | $7.12 |
| Payout ratio | 95% | 67% |
| Years of growth | 4 yr | 38 yr |
| 5-yr dividend growth | 0.7% | 5.8% |
| 5-yr total return | 98% | 107% |
| Dividend safety score | 68 (B) | 95 (A) |
| Fair value estimate | $37.00 | $111.37 |
| Upside to fair value | -28% | -52% |
| Frequency | quarterly | quarterly |
| Market cap | $132.2B | $457.5B |
| P/E ratio | 25.0 | 22.4 |
Higher yield
BP
3.93%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
BP
-28% upside
BP vs CVX — FAQ
Is BP or CVX a better dividend stock?
On the data, CVX wins more head-to-head categories (6 vs 2). BP offers the higher yield (3.93%), 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, BP or CVX?
BP has the higher forward dividend yield at 3.93%, versus 3.05% for CVX.
Is BP or CVX safer?
CVX has the higher dividend-safety score (95/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is BP or CVX better value right now?
As of Oct 25, 2026, BP looks like the better value: its fair-value estimate is 28% below its share price (overvalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.