CVX vs HP: Which Is the Better Dividend Stock?
As of Oct 18, 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 HP looks like the better value (its fair-value estimate is 32% above its share price).
Key facts: CVX vs HP
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.16%, versus 2.67% for Helmerich & Payne, Inc. (HP).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and HP's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and HP for 0.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and HP pays out 61%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and HP's fair-value estimate is 32% above its share price, so HP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs HP: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-hp
| Metric | CVX | HP |
|---|---|---|
| Forward yield | 3.16% | 2.67% |
| Annual dividend | $7.12 | $1.00 |
| Payout ratio | 67% | 61% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | -12.2% |
| 5-yr total return | 99% | 67% |
| Dividend safety score | 95 (A) | 63 (C) |
| Fair value estimate | $111.37 | $49.54 |
| Upside to fair value | -51% | +32% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $3.7B |
| P/E ratio | 21.7 | — |
Higher yield
CVX
3.16%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
HP
+32% upside
CVX vs HP — FAQ
Is CVX or HP 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 HP?
CVX has the higher forward dividend yield at 3.16%, versus 2.67% for HP.
Is CVX or HP safer?
CVX has the higher dividend-safety score (95/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or HP better value right now?
As of Oct 18, 2026, HP looks like the better value: its fair-value estimate is 32% above its share price (undervalued). For CVX, its fair-value estimate is 51% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.