CVX vs MPC: Which Is the Better Dividend Stock?
As of September 2026, CVX and MPC are closely matched. CVX offers the higher yield at 3.40%, CVX has the higher dividend-safety score, and MPC trades at the larger discount to fair value (-30%).
| Metric | CVX | MPC |
|---|---|---|
| Forward yield | 3.40% | 0.94% |
| Annual dividend | $7.12 | $4.00 |
| Payout ratio | 67% | 14% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 10.0% |
| 5-yr total return | 83% | 544% |
| Dividend safety score | 95 (A) | 89 (A) |
| Fair value estimate | $116.68 | $295.43 |
| Upside to fair value | -44% | -30% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $124.0B |
| P/E ratio | 20.2 | 14.7 |
Higher yield
CVX
3.40%
Safer dividend
CVX
Grade A
Faster growth
MPC
10.0%
Better value
MPC
-30% upside
CVX vs MPC — FAQ
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