CVX vs ET: Which Is the Better Dividend Stock?
As of Nov 5, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ET offers the higher yield at 7.04%, CVX has the higher dividend-safety score, and ET looks like the better value (its fair-value estimate is 27% above its share price).
Key facts: CVX vs ET
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Energy Transfer LP (ET) has the higher forward dividend yield at 7.04%, versus 3.28% for Chevron Corporation (CVX).
- As of Nov 5, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and ET's C (54/100).
- By SmarterDividends' count as of Nov 5, 2026, CVX has raised its dividend for 38 consecutive years and ET for 4.
- As of Nov 5, 2026, CVX pays out 67% of its earnings as dividends and ET pays out 91%.
- As of Nov 5, 2026, CVX's fair-value estimate is 55% below its share price and ET's fair-value estimate is 27% above its share price, so ET looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs ET: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cvx-vs-et
| Metric | CVX | ET |
|---|---|---|
| Forward yield | 3.28% | 7.04% |
| Annual dividend | $7.12 | $1.37 |
| Payout ratio | 67% | 91% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 4.3% |
| 5-yr total return | 109% | 148% |
| Dividend safety score | 96 (A) | 54 (C) |
| Fair value estimate | $99.92 | $24.83 |
| Upside to fair value | -55% | +27% |
| Frequency | quarterly | quarterly |
| Market cap | $429.3B | $67.5B |
| P/E ratio | 16.2 | 13.0 |
Higher yield
ET
7.04%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
ET
+27% upside
CVX vs ET — FAQ
Is CVX or ET a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). ET offers the higher yield (7.04%), while CVX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CVX or ET?
ET has the higher forward dividend yield at 7.04%, versus 3.28% for CVX.
Is CVX or ET safer?
CVX has the higher dividend-safety score (96/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or ET better value right now?
As of Nov 5, 2026, ET looks like the better value: its fair-value estimate is 27% above its share price (undervalued). For CVX, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.