CVX vs HESM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HESM offers the higher yield at 9.90%, CVX has the higher dividend-safety score, and HESM looks like the better value (its fair-value estimate is 46% above its share price).
Key facts: CVX vs HESM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Hess Midstream LP (HESM) has the higher forward dividend yield at 9.90%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and HESM's B (66/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and HESM for 8.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and HESM pays out 105%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and HESM's fair-value estimate is 46% above its share price, so HESM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs HESM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-hesm
| Metric | CVX | HESM |
|---|---|---|
| Forward yield | 3.07% | 9.90% |
| Annual dividend | $7.12 | $3.09 |
| Payout ratio | 67% | 105% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 10.8% |
| 5-yr total return | 107% | 24% |
| Dividend safety score | 95 (A) | 66 (B) |
| Fair value estimate | $111.37 | $45.41 |
| Upside to fair value | -52% | +46% |
| Frequency | quarterly | quarterly |
| Market cap | $455.1B | $6.4B |
| P/E ratio | 22.3 | 10.8 |
Higher yield
HESM
9.90%
Safer dividend
CVX
Grade A
Faster growth
HESM
10.8%
Better value
HESM
+46% upside
CVX vs HESM — FAQ
Is CVX or HESM a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). HESM offers the higher yield (9.90%), 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 HESM?
HESM has the higher forward dividend yield at 9.90%, versus 3.07% for CVX.
Is CVX or HESM safer?
CVX has the higher dividend-safety score (95/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or HESM better value right now?
As of Oct 27, 2026, HESM looks like the better value: its fair-value estimate is 46% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.