CVX vs NOG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NOG offers the higher yield at 7.88%, CVX has the higher dividend-safety score, and NOG looks like the better value (its fair-value estimate is 70% above its share price).
Key facts: CVX vs NOG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Northern Oil and Gas, Inc. (NOG) has the higher forward dividend yield at 7.88%, versus 3.35% for Chevron Corporation (CVX).
- As of Nov 8, 2026, SmarterDividends grades CVX's dividend safety A (98/100) and NOG's C (59/100).
- By SmarterDividends' count as of Nov 8, 2026, CVX has raised its dividend for 38 consecutive years and NOG for 4.
- As of Nov 8, 2026, CVX pays out 52% of its earnings as dividends and NOG pays out 462%.
- As of Nov 8, 2026, CVX's fair-value estimate is 44% below its share price and NOG's fair-value estimate is 70% above its share price, so NOG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs NOG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/cvx-vs-nog
| Metric | CVX | NOG |
|---|---|---|
| Forward yield | 3.35% | 7.88% |
| Annual dividend | $7.12 | $1.80 |
| Payout ratio | 52% | 462% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | — |
| 5-yr total return | 88% | 12% |
| Dividend safety score | 98 (A) | 59 (C) |
| Fair value estimate | $119.76 | $38.93 |
| Upside to fair value | -44% | +70% |
| Frequency | quarterly | quarterly |
| Market cap | $414.9B | $2.4B |
| P/E ratio | 15.6 | — |
Higher yield
NOG
7.88%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
NOG
+70% upside
CVX vs NOG — FAQ
Is CVX or NOG a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 2). NOG offers the higher yield (7.88%), 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 NOG?
NOG has the higher forward dividend yield at 7.88%, versus 3.35% for CVX.
Is CVX or NOG safer?
CVX has the higher dividend-safety score (98/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or NOG better value right now?
As of Nov 8, 2026, NOG looks like the better value: its fair-value estimate is 70% above its share price (undervalued). For CVX, its fair-value estimate is 44% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.