CVX vs OXY: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.33%, CVX has the higher dividend-safety score, and OXY trades at the larger discount to fair value (+20%).
| Metric | CVX | OXY |
|---|---|---|
| Forward yield | 3.33% | 1.83% |
| Annual dividend | $7.12 | $1.12 |
| Payout ratio | 67% | 30% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 88.8% |
| 5-yr total return | 106% | 103% |
| Dividend safety score | 95 (A) | 67 (B) |
| Fair value estimate | $119.03 | $71.82 |
| Upside to fair value | -43% | +20% |
| Frequency | quarterly | quarterly |
| Market cap | $417.4B | $61.1B |
| P/E ratio | 20.6 | 18.1 |
Higher yield
CVX
3.33%
Safer dividend
CVX
Grade A
Faster growth
OXY
88.8%
Better value
OXY
+20% upside
CVX vs OXY — FAQ
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