CVX vs DEC: Which Is the Better Dividend Stock?
As of July 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 8.68%, CVX has the higher dividend-safety score, and DEC trades at the larger discount to fair value (+174%).
| Metric | CVX | DEC |
|---|---|---|
| Forward yield | 3.80% | 8.68% |
| Annual dividend | $7.12 | $1.16 |
| Payout ratio | 120% | 15% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | — |
| 5-yr total return | 94% | 740% |
| Dividend safety score | 86 (A) | 53 (C) |
| Fair value estimate | $154.80 | $36.55 |
| Upside to fair value | -17% | +174% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $907.8M |
| P/E ratio | 32.7 | 1.7 |
Higher yield
DEC
8.68%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
DEC
+174% upside
CVX vs DEC — FAQ
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