CVX vs PBR: Which Is the Better Dividend Stock?
As of September 2026, CVX and PBR are closely matched. PBR offers the higher yield at 7.86%, CVX has the higher dividend-safety score, and PBR trades at the larger discount to fair value (+30%).
| Metric | CVX | PBR |
|---|---|---|
| Forward yield | 3.35% | 7.86% |
| Annual dividend | $7.12 | $1.68 |
| Payout ratio | 67% | 29% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 26.1% |
| 5-yr total return | 111% | 105% |
| Dividend safety score | 95 (A) | 61 (C) |
| Fair value estimate | $119.03 | $26.16 |
| Upside to fair value | -43% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $136.6B |
| P/E ratio | 20.5 | 5.4 |
Higher yield
PBR
7.86%
Safer dividend
CVX
Grade A
Faster growth
PBR
26.1%
Better value
PBR
+30% upside
CVX vs PBR — FAQ
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