CVX vs PBR: Which Is the Better Dividend Stock?
As of July 2026, CVX and PBR are closely matched. PBR offers the higher yield at 9.81%, CVX has the higher dividend-safety score, and PBR trades at the larger discount to fair value (+28%).
| Metric | CVX | PBR |
|---|---|---|
| Forward yield | 3.80% | 9.81% |
| Annual dividend | $7.12 | $1.76 |
| Payout ratio | 120% | 42% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 26.1% |
| 5-yr total return | 94% | 66% |
| Dividend safety score | 86 (A) | 60 (C) |
| Fair value estimate | $154.80 | $23.01 |
| Upside to fair value | -17% | +28% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $117.2B |
| P/E ratio | 32.7 | 5.7 |
Higher yield
PBR
9.81%
Safer dividend
CVX
Grade A
Faster growth
PBR
26.1%
Better value
PBR
+28% upside
CVX vs PBR — FAQ
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