CVX vs NOG: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NOG offers the higher yield at 6.84%, CVX has the higher dividend-safety score, and NOG trades at the larger discount to fair value (+31%).
| Metric | CVX | NOG |
|---|---|---|
| Forward yield | 3.35% | 6.84% |
| Annual dividend | $7.12 | $1.80 |
| Payout ratio | 67% | 462% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | — |
| 5-yr total return | 111% | 24% |
| Dividend safety score | 95 (A) | 59 (C) |
| Fair value estimate | $119.03 | $33.95 |
| Upside to fair value | -43% | +31% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $2.8B |
| P/E ratio | 20.5 | — |
Higher yield
NOG
6.84%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
NOG
+31% upside
CVX vs NOG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.