CVX vs PTEN: Which Is the Better Dividend Stock?
As of Oct 18, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PTEN offers the higher yield at 3.48%, CVX has the higher dividend-safety score, and PTEN looks like the better value (its fair-value estimate is 103% above its share price).
Key facts: CVX vs PTEN
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Patterson-UTI Energy, Inc. (PTEN) has the higher forward dividend yield at 3.48%, versus 3.16% for Chevron Corporation (CVX).
- As of Oct 18, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and PTEN's C (59/100).
- By SmarterDividends' count as of Oct 18, 2026, CVX has raised its dividend for 38 consecutive years and PTEN for 0.
- As of Oct 18, 2026, CVX pays out 67% of its earnings as dividends and PTEN pays out 133%.
- As of Oct 18, 2026, CVX's fair-value estimate is 51% below its share price and PTEN's fair-value estimate is 103% above its share price, so PTEN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs PTEN: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/cvx-vs-pten
| Metric | CVX | PTEN |
|---|---|---|
| Forward yield | 3.16% | 3.48% |
| Annual dividend | $7.12 | $0.40 |
| Payout ratio | 67% | 133% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 32.0% |
| 5-yr total return | 99% | 63% |
| Dividend safety score | 95 (A) | 59 (C) |
| Fair value estimate | $111.37 | $23.29 |
| Upside to fair value | -51% | +103% |
| Frequency | quarterly | quarterly |
| Market cap | $441.3B | $4.4B |
| P/E ratio | 21.7 | — |
Higher yield
PTEN
3.48%
Safer dividend
CVX
Grade A
Faster growth
PTEN
32.0%
Better value
PTEN
+103% upside
CVX vs PTEN — FAQ
Is CVX or PTEN a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). PTEN offers the higher yield (3.48%), while CVX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CVX or PTEN?
PTEN has the higher forward dividend yield at 3.48%, versus 3.16% for CVX.
Is CVX or PTEN safer?
CVX has the higher dividend-safety score (95/100 vs 59/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or PTEN better value right now?
As of Oct 18, 2026, PTEN looks like the better value: its fair-value estimate is 103% above its share price (undervalued). 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.