CVE vs XOM: Which Is the Better Dividend Stock?
As of Nov 5, 2026, XOM (ExxonMobil Holdings Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. XOM offers the higher yield at 2.53%, XOM has the higher dividend-safety score, and CVE looks like the better value (its fair-value estimate is 30% below its share price).
Key facts: CVE vs XOM
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, ExxonMobil Holdings Corporation (XOM) has the higher forward dividend yield at 2.53%, versus 2.21% for Cenovus Energy Inc. (CVE).
- As of Nov 5, 2026, SmarterDividends grades CVE's dividend safety C (59/100) and XOM's A (95/100).
- By SmarterDividends' count as of Nov 5, 2026, CVE has raised its dividend for 4 consecutive years and XOM for 24.
- As of Nov 5, 2026, CVE pays out 23% of its earnings as dividends and XOM pays out 42%.
- As of Nov 5, 2026, CVE's fair-value estimate is 30% below its share price and XOM's fair-value estimate is 51% below its share price, so CVE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVE vs XOM: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cve-vs-xom
| Metric | CVE | XOM |
|---|---|---|
| Forward yield | 2.21% | 2.53% |
| Annual dividend | $0.63 | $4.28 |
| Payout ratio | 23% | 42% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 24.8% | 2.8% |
| 5-yr total return | 176% | 213% |
| Dividend safety score | 59 (C) | 95 (A) |
| Fair value estimate | $20.02 | $83.91 |
| Upside to fair value | -30% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $51.4B | $696.5B |
| P/E ratio | 10.9 | 17.6 |
Higher yield
XOM
2.53%
Safer dividend
XOM
Grade A
Faster growth
CVE
24.8%
Better value
CVE
-30% upside
CVE vs XOM — FAQ
Is CVE or XOM a better dividend stock?
On the data, XOM wins more head-to-head categories (5 vs 3). XOM offers the higher yield (2.53%), while XOM has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CVE or XOM?
XOM has the higher forward dividend yield at 2.53%, versus 2.21% for CVE.
Is CVE or XOM safer?
XOM has the higher dividend-safety score (95/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CVE or XOM better value right now?
As of Nov 5, 2026, CVE looks like the better value: its fair-value estimate is 30% below its share price (overvalued). For XOM, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.