CVX vs NOV: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.46%, CVX has the higher dividend-safety score, and NOV trades at the larger discount to fair value (+17%).
| Metric | CVX | NOV |
|---|---|---|
| Forward yield | 3.46% | 1.78% |
| Annual dividend | $7.12 | $0.36 |
| Payout ratio | 67% | 156% |
| Years of growth | 38 yr | 2 yr |
| 5-yr dividend growth | 5.8% | 8.4% |
| 5-yr total return | 83% | 43% |
| Dividend safety score | 95 (A) | 62 (C) |
| Fair value estimate | $116.68 | $23.55 |
| Upside to fair value | -44% | +17% |
| Frequency | quarterly | quarterly |
| Market cap | $407.6B | $7.2B |
| P/E ratio | 20.1 | 75.2 |
Higher yield
CVX
3.46%
Safer dividend
CVX
Grade A
Faster growth
NOV
8.4%
Better value
NOV
+17% upside
CVX vs NOV — FAQ
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