CVX vs ET: 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. ET offers the higher yield at 6.43%, CVX has the higher dividend-safety score, and ET trades at the larger discount to fair value (+36%).
| Metric | CVX | ET |
|---|---|---|
| Forward yield | 3.40% | 6.43% |
| Annual dividend | $7.12 | $1.36 |
| Payout ratio | 67% | 91% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 4.3% |
| 5-yr total return | 83% | 122% |
| Dividend safety score | 95 (A) | 54 (C) |
| Fair value estimate | $116.68 | $28.69 |
| Upside to fair value | -44% | +36% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $72.8B |
| P/E ratio | 20.2 | 14.5 |
Higher yield
ET
6.43%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
ET
+36% upside
CVX vs ET — FAQ
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