COP vs CVX: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.40%, CVX has the higher dividend-safety score, and COP trades at the larger discount to fair value (+29%).
| Metric | COP | CVX |
|---|---|---|
| Forward yield | 2.55% | 3.40% |
| 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 | 77% | 83% |
| Dividend safety score | 80 (A) | 95 (A) |
| Fair value estimate | $169.66 | $116.68 |
| Upside to fair value | +29% | -44% |
| Frequency | quarterly | quarterly |
| Market cap | $158.4B | $411.0B |
| P/E ratio | 17.5 | 20.2 |
Higher yield
CVX
3.40%
Safer dividend
CVX
Grade A
Faster growth
COP
13.5%
Better value
COP
+29% upside
COP vs CVX — FAQ
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