CVX vs OKE: 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. OKE offers the higher yield at 4.58%, CVX has the higher dividend-safety score, and OKE trades at the larger discount to fair value (+19%).
| Metric | CVX | OKE |
|---|---|---|
| Forward yield | 3.40% | 4.58% |
| Annual dividend | $7.12 | $4.28 |
| Payout ratio | 67% | 73% |
| Years of growth | 38 yr | 3 yr |
| 5-yr dividend growth | 5.8% | 2.0% |
| 5-yr total return | 83% | 47% |
| Dividend safety score | 95 (A) | 89 (A) |
| Fair value estimate | $116.68 | $111.30 |
| Upside to fair value | -44% | +19% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $58.9B |
| P/E ratio | 20.2 | 16.1 |
Higher yield
OKE
4.58%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
OKE
+19% upside
CVX vs OKE — FAQ
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