CNQ vs XOM: Which Is the Better Dividend Stock?
As of September 2026, CNQ and XOM are closely matched. CNQ offers the higher yield at 3.50%, XOM has the higher dividend-safety score, and CNQ trades at the larger discount to fair value (-30%).
| Metric | CNQ | XOM |
|---|---|---|
| Forward yield | 3.50% | 2.49% |
| Annual dividend | $1.78 | $4.12 |
| Payout ratio | 43% | 53% |
| Years of growth | 10 yr | 24 yr |
| 5-yr dividend growth | 22.1% | 2.8% |
| 5-yr total return | 180% | 182% |
| Dividend safety score | 74 (B) | 92 (A) |
| Fair value estimate | $34.96 | $88.73 |
| Upside to fair value | -30% | -47% |
| Frequency | quarterly | quarterly |
| Market cap | $103.2B | $682.5B |
| P/E ratio | 12.5 | 21.3 |
Higher yield
CNQ
3.50%
Safer dividend
XOM
Grade A
Faster growth
CNQ
22.1%
Better value
CNQ
-30% upside
CNQ vs XOM — FAQ
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