CVX vs PAGP: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CVX and PAGP are closely matched. PAGP offers the higher yield at 6.08%, CVX has the higher dividend-safety score, and PAGP looks like the better value (its fair-value estimate is 14% above its share price).
Key facts: CVX vs PAGP
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Plains GP Holdings, L.P. (PAGP) has the higher forward dividend yield at 6.08%, versus 3.16% for Chevron Corporation (CVX).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and PAGP's C (62/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and PAGP for 4.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and PAGP pays out 363%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and PAGP's fair-value estimate is 14% above its share price, so PAGP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PAGP: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-pagp
| Metric | CVX | PAGP |
|---|---|---|
| Forward yield | 3.16% | 6.08% |
| Annual dividend | $7.12 | $1.67 |
| Payout ratio | 67% | 363% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | 16.1% |
| 5-yr total return | 99% | 175% |
| Dividend safety score | 95 (A) | 62 (C) |
| Fair value estimate | $111.37 | $31.36 |
| Upside to fair value | -51% | +14% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $6.4B |
| P/E ratio | 21.7 | 62.4 |
Higher yield
PAGP
6.08%
Safer dividend
CVX
Grade A
Faster growth
PAGP
16.1%
Better value
PAGP
+14% upside
CVX vs PAGP — FAQ
Is CVX or PAGP a better dividend stock?
CVX and PAGP are closely matched. PAGP has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or PAGP?
PAGP has the higher forward dividend yield at 6.08%, versus 3.16% for CVX.
Is CVX or PAGP safer?
CVX has the higher dividend-safety score (95/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PAGP better value right now?
As of Oct 18, 2026, PAGP looks like the better value: its fair-value estimate is 14% above its share price (fairly valued). For CVX, its fair-value estimate is 51% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.