CVX vs KRP: 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. KRP offers the higher yield at 9.49%, CVX has the higher dividend-safety score, and KRP looks like the better value (its fair-value estimate is 18% above its share price).
Key facts: CVX vs KRP
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Kimbell Royalty Partners, LP (KRP) has the higher forward dividend yield at 9.49%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and KRP's D (46/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and KRP for 0.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and KRP pays out 178%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and KRP's fair-value estimate is 18% above its share price, so KRP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs KRP: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-krp
| Metric | CVX | KRP |
|---|---|---|
| Forward yield | 3.07% | 9.49% |
| Annual dividend | $7.12 | $1.60 |
| Payout ratio | 67% | 178% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 19.6% |
| 5-yr total return | 107% | 21% |
| Dividend safety score | 95 (A) | 46 (D) |
| Fair value estimate | $111.37 | $19.91 |
| Upside to fair value | -52% | +18% |
| Frequency | quarterly | quarterly |
| Market cap | $455.1B | $2.2B |
| P/E ratio | 22.3 | 19.8 |
Higher yield
KRP
9.49%
Safer dividend
CVX
Grade A
Faster growth
KRP
19.6%
Better value
KRP
+18% upside
CVX vs KRP — FAQ
Is CVX or KRP a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). KRP offers the higher yield (9.49%), 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 KRP?
KRP has the higher forward dividend yield at 9.49%, versus 3.07% for CVX.
Is CVX or KRP safer?
CVX has the higher dividend-safety score (95/100 vs 46/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or KRP better value right now?
As of Oct 27, 2026, KRP looks like the better value: its fair-value estimate is 18% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.