CVX vs NRP: Which Is the Better Dividend Stock?
As of August 2026, CVX and NRP are closely matched. CVX offers the higher yield at 3.56%, CVX has the higher dividend-safety score, and NRP trades at the larger discount to fair value (+21%).
| Metric | CVX | NRP |
|---|---|---|
| Forward yield | 3.56% | 2.92% |
| Annual dividend | $7.12 | $3.00 |
| Payout ratio | 67% | 38% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 10.8% |
| 5-yr total return | 97% | 342% |
| Dividend safety score | 95 (A) | 56 (C) |
| Fair value estimate | $135.16 | $126.75 |
| Upside to fair value | -32% | +21% |
| Frequency | quarterly | quarterly |
| Market cap | $392.3B | — |
| P/E ratio | 19.2 | 13.3 |
Higher yield
CVX
3.56%
Safer dividend
CVX
Grade A
Faster growth
NRP
10.8%
Better value
NRP
+21% upside
CVX vs NRP — FAQ
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