CVX vs FRO: Which Is the Better Dividend Stock?
As of September 2026, CVX and FRO are closely matched. FRO offers the higher yield at 11.54%, CVX has the higher dividend-safety score, and FRO trades at the larger discount to fair value (+69%).
| Metric | CVX | FRO |
|---|---|---|
| Forward yield | 3.39% | 11.54% |
| Annual dividend | $7.12 | $5.38 |
| Payout ratio | 67% | 47% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | -18.7% |
| 5-yr total return | 106% | 392% |
| Dividend safety score | 95 (A) | 57 (C) |
| Fair value estimate | $119.03 | $78.06 |
| Upside to fair value | -43% | +69% |
| Frequency | quarterly | quarterly |
| Market cap | $419.4B | $10.5B |
| P/E ratio | 20.6 | 7.0 |
Higher yield
FRO
11.54%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
FRO
+69% upside
CVX vs FRO — FAQ
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