CVX vs FANG: Which Is the Better Dividend Stock?
As of Nov 4, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.16%, CVX has the higher dividend-safety score, and FANG looks like the better value (its fair-value estimate is 43% below its share price).
Key facts: CVX vs FANG
Data as of · Source: SmarterDividends data
- As of Nov 4, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.16%, versus 2.45% for Diamondback Energy, Inc. (FANG).
- As of Nov 4, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and FANG's C (56/100).
- By SmarterDividends' count as of Nov 4, 2026, CVX has raised its dividend for 38 consecutive years and FANG for 0.
- As of Nov 4, 2026, CVX pays out 67% of its earnings as dividends and FANG pays out 79%.
- As of Nov 4, 2026, CVX's fair-value estimate is 54% below its share price and FANG's fair-value estimate is 43% below its share price, so FANG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs FANG: Dividend Yield, Safety & Value Compared," updated Nov 4, 2026, https://smarterdividends.com/compare/cvx-vs-fang
| Metric | CVX | FANG |
|---|---|---|
| Forward yield | 3.16% | 2.45% |
| Annual dividend | $7.12 | $4.72 |
| Payout ratio | 67% | 79% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 21.7% |
| 5-yr total return | 109% | 99% |
| Dividend safety score | 96 (A) | 56 (C) |
| Fair value estimate | $99.92 | $107.17 |
| Upside to fair value | -54% | -43% |
| Frequency | quarterly | quarterly |
| Market cap | $427.8B | $53.0B |
| P/E ratio | 16.3 | 25.5 |
Higher yield
CVX
3.16%
Safer dividend
CVX
Grade A
Faster growth
FANG
21.7%
Better value
FANG
-43% upside
CVX vs FANG — FAQ
Is CVX or FANG a better dividend stock?
On the data, CVX wins more head-to-head categories (6 vs 2). CVX offers the higher yield (3.16%), 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 FANG?
CVX has the higher forward dividend yield at 3.16%, versus 2.45% for FANG.
Is CVX or FANG safer?
CVX has the higher dividend-safety score (96/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or FANG better value right now?
As of Nov 4, 2026, FANG looks like the better value: its fair-value estimate is 43% below its share price (overvalued). For CVX, its fair-value estimate is 54% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.