CVX vs HESM: 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. HESM offers the higher yield at 7.68%, CVX has the higher dividend-safety score, and HESM trades at the larger discount to fair value (+115%).
| Metric | CVX | HESM |
|---|---|---|
| Forward yield | 3.35% | 7.68% |
| 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 | 111% | 42% |
| Dividend safety score | 95 (A) | 69 (B) |
| Fair value estimate | $119.03 | $85.63 |
| Upside to fair value | -43% | +115% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $8.2B |
| P/E ratio | 20.5 | 13.9 |
Higher yield
HESM
7.68%
Safer dividend
CVX
Grade A
Faster growth
HESM
10.8%
Better value
HESM
+115% upside
CVX vs HESM — FAQ
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