CVX vs PAA: Which Is the Better Dividend Stock?
As of September 2026, CVX and PAA are closely matched. PAA offers the higher yield at 6.43%, CVX has the higher dividend-safety score, and PAA trades at the larger discount to fair value (+91%).
| Metric | CVX | PAA |
|---|---|---|
| Forward yield | 3.40% | 6.43% |
| Annual dividend | $7.12 | $1.63 |
| Payout ratio | 67% | 136% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 16.1% |
| 5-yr total return | 83% | 151% |
| Dividend safety score | 95 (A) | 60 (C) |
| Fair value estimate | $116.68 | $48.47 |
| Upside to fair value | -44% | +91% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $17.9B |
| P/E ratio | 20.2 | 21.7 |
Higher yield
PAA
6.43%
Safer dividend
CVX
Grade A
Faster growth
PAA
16.1%
Better value
PAA
+91% upside
CVX vs PAA — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.