CVX vs OXY: Which Is the Better Dividend Stock?
As of Oct 30, 2026, CVX and OXY are closely matched. CVX offers the higher yield at 3.11%, CVX has the higher dividend-safety score, and OXY looks like the better value (its fair-value estimate is 15% below its share price).
Key facts: CVX vs OXY
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.11%, versus 1.78% for Occidental Petroleum Corporation (OXY).
- As of Oct 30, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and OXY's B (69/100).
- By SmarterDividends' count as of Oct 30, 2026, CVX has raised its dividend for 38 consecutive years and OXY for 4.
- As of Oct 30, 2026, CVX pays out 67% of its earnings as dividends and OXY pays out 28%.
- As of Oct 30, 2026, CVX's fair-value estimate is 52% below its share price and OXY's fair-value estimate is 15% below its share price, so OXY looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs OXY: Dividend Yield, Safety & Value Compared," updated Oct 30, 2026, https://smarterdividends.com/compare/cvx-vs-oxy
| Metric | CVX | OXY |
|---|---|---|
| Forward yield | 3.11% | 1.78% |
| Annual dividend | $7.12 | $1.12 |
| Payout ratio | 67% | 28% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 88.8% |
| 5-yr total return | 107% | 116% |
| Dividend safety score | 95 (A) | 69 (B) |
| Fair value estimate | $111.37 | $53.40 |
| Upside to fair value | -52% | -15% |
| Frequency | quarterly | quarterly |
| Market cap | $454.0B | $63.0B |
| P/E ratio | 22.3 | 17.9 |
Higher yield
CVX
3.11%
Safer dividend
CVX
Grade A
Faster growth
OXY
88.8%
Better value
OXY
-15% upside
CVX vs OXY — FAQ
Is CVX or OXY a better dividend stock?
CVX and OXY are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or OXY?
CVX has the higher forward dividend yield at 3.11%, versus 1.78% for OXY.
Is CVX or OXY safer?
CVX has the higher dividend-safety score (95/100 vs 69/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or OXY better value right now?
As of Oct 30, 2026, OXY looks like the better value: its fair-value estimate is 15% below its share price (overvalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.