CVX vs DEC: Which Is the Better Dividend Stock?
As of September 2026, DEC (Diversified Energy Company) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. DEC offers the higher yield at 7.76%, CVX has the higher dividend-safety score, and DEC trades at the larger discount to fair value (+112%).
| Metric | CVX | DEC |
|---|---|---|
| Forward yield | 3.35% | 7.76% |
| Annual dividend | $7.12 | $1.16 |
| Payout ratio | 67% | 19% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | — |
| 5-yr total return | 111% | 826% |
| Dividend safety score | 95 (A) | 54 (C) |
| Fair value estimate | $119.03 | $32.65 |
| Upside to fair value | -43% | +112% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $1.0B |
| P/E ratio | 20.5 | 2.5 |
Higher yield
DEC
7.76%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
DEC
+112% upside
CVX vs DEC — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.