COP vs CVX: Which Is the Better Dividend Stock?
As of Nov 6, 2026, COP and CVX are closely matched. CVX offers the higher yield at 3.34%, CVX has the higher dividend-safety score, and COP looks like the better value (its fair-value estimate is 46% below its share price).
Key facts: COP vs CVX
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.34%, versus 2.45% for ConocoPhillips (COP).
- As of Nov 6, 2026, SmarterDividends grades COP's dividend safety A (80/100) and CVX's A (96/100).
- By SmarterDividends' count as of Nov 6, 2026, COP has raised its dividend for 4 consecutive years and CVX for 38.
- As of Nov 6, 2026, COP pays out 44% of its earnings as dividends and CVX pays out 67%.
- As of Nov 6, 2026, COP's fair-value estimate is 46% below its share price and CVX's fair-value estimate is 53% below its share price, so COP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "COP vs CVX: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/cop-vs-cvx
| Metric | COP | CVX |
|---|---|---|
| Forward yield | 2.45% | 3.34% |
| Annual dividend | $3.36 | $7.12 |
| Payout ratio | 44% | 67% |
| Years of growth | 4 yr | 38 yr |
| 5-yr dividend growth | 13.5% | 5.8% |
| 5-yr total return | 120% | 109% |
| Dividend safety score | 80 (A) | 96 (A) |
| Fair value estimate | $73.26 | $99.92 |
| Upside to fair value | -46% | -53% |
| Frequency | quarterly | quarterly |
| Market cap | $162.7B | $415.4B |
| P/E ratio | 14.3 | 15.6 |
Higher yield
CVX
3.34%
Safer dividend
CVX
Grade A
Faster growth
COP
13.5%
Better value
COP
-46% upside
COP vs CVX — FAQ
Is COP or CVX a better dividend stock?
COP and CVX are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, COP or CVX?
CVX has the higher forward dividend yield at 3.34%, versus 2.45% for COP.
Is COP or CVX safer?
CVX has the higher dividend-safety score (96/100 vs 80/100), reflecting stronger payout coverage and dividend-growth history.
Is COP or CVX better value right now?
As of Nov 6, 2026, COP looks like the better value: its fair-value estimate is 46% below its share price (overvalued). For CVX, its fair-value estimate is 53% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.