CVX vs IMO: Which Is the Better Dividend Stock?
As of September 2026, CVX and IMO are closely matched. CVX offers the higher yield at 3.40%, CVX has the higher dividend-safety score, and IMO trades at the larger discount to fair value (-33%).
| Metric | CVX | IMO |
|---|---|---|
| Forward yield | 3.40% | 1.94% |
| Annual dividend | $7.12 | $2.51 |
| Payout ratio | 67% | 37% |
| Years of growth | 38 yr | 10 yr |
| 5-yr dividend growth | 5.8% | 25.5% |
| 5-yr total return | 83% | 283% |
| Dividend safety score | 95 (A) | 83 (A) |
| Fair value estimate | $116.68 | $87.05 |
| Upside to fair value | -44% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $64.6B |
| P/E ratio | 20.2 | 21.2 |
Higher yield
CVX
3.40%
Safer dividend
CVX
Grade A
Faster growth
IMO
25.5%
Better value
IMO
-33% upside
CVX vs IMO — FAQ
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