CVX vs PBR: Which Is the Better Dividend Stock?
As of Nov 5, 2026, CVX and PBR are closely matched. PBR offers the higher yield at 7.29%, CVX has the higher dividend-safety score, and PBR looks like the better value (its fair-value estimate is 24% above its share price).
Key facts: CVX vs PBR
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Petróleo Brasileiro S.A. - Petrobras (PBR) has the higher forward dividend yield at 7.29%, versus 3.28% for Chevron Corporation (CVX).
- As of Nov 5, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and PBR's C (60/100).
- By SmarterDividends' count as of Nov 5, 2026, CVX has raised its dividend for 38 consecutive years and PBR for 0.
- As of Nov 5, 2026, CVX pays out 67% of its earnings as dividends and PBR pays out 29%.
- As of Nov 5, 2026, CVX's fair-value estimate is 55% below its share price and PBR's fair-value estimate is 24% above its share price, so PBR looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PBR: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cvx-vs-pbr
| Metric | CVX | PBR |
|---|---|---|
| Forward yield | 3.28% | 7.29% |
| Annual dividend | $7.12 | $1.43 |
| Payout ratio | 67% | 29% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 26.1% |
| 5-yr total return | 109% | 107% |
| Dividend safety score | 96 (A) | 60 (C) |
| Fair value estimate | $99.92 | $24.23 |
| Upside to fair value | -55% | +24% |
| Frequency | quarterly | quarterly |
| Market cap | $429.3B | $125.7B |
| P/E ratio | 16.2 | 4.9 |
Higher yield
PBR
7.29%
Safer dividend
CVX
Grade A
Faster growth
PBR
26.1%
Better value
PBR
+24% upside
CVX vs PBR — FAQ
Is CVX or PBR a better dividend stock?
CVX and PBR are closely matched. PBR has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or PBR?
PBR has the higher forward dividend yield at 7.29%, versus 3.28% for CVX.
Is CVX or PBR safer?
CVX has the higher dividend-safety score (96/100 vs 60/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PBR better value right now?
As of Nov 5, 2026, PBR looks like the better value: its fair-value estimate is 24% above its share price (undervalued). For CVX, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.