CVX vs TPL: Which Is the Better Dividend Stock?
As of Nov 6, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.34%, CVX has the higher dividend-safety score, and TPL looks like the better value (its fair-value estimate is 23% below its share price).
Key facts: CVX vs TPL
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.34%, versus 0.83% for Texas Pacific Land Corporation (TPL).
- As of Nov 6, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and TPL's B (68/100).
- By SmarterDividends' count as of Nov 6, 2026, CVX has raised its dividend for 38 consecutive years and TPL for 4.
- As of Nov 6, 2026, CVX pays out 67% of its earnings as dividends and TPL pays out 29%.
- As of Nov 6, 2026, CVX's fair-value estimate is 53% below its share price and TPL's fair-value estimate is 23% below its share price, so TPL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs TPL: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/cvx-vs-tpl
| Metric | CVX | TPL |
|---|---|---|
| Forward yield | 3.34% | 0.83% |
| Annual dividend | $7.12 | $2.40 |
| Payout ratio | 67% | 29% |
| Years of growth | 38 yr | 4 yr |
| 5-yr dividend growth | 5.8% | -18.1% |
| 5-yr total return | 109% | 147% |
| Dividend safety score | 96 (A) | 68 (B) |
| Fair value estimate | $99.92 | $210.09 |
| Upside to fair value | -53% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $415.4B | $18.8B |
| P/E ratio | 15.6 | 32.0 |
Higher yield
CVX
3.34%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
TPL
-23% upside
CVX vs TPL — FAQ
Is CVX or TPL a better dividend stock?
On the data, CVX wins more head-to-head categories (5 vs 3). CVX offers the higher yield (3.34%), 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 TPL?
CVX has the higher forward dividend yield at 3.34%, versus 0.83% for TPL.
Is CVX or TPL safer?
CVX has the higher dividend-safety score (96/100 vs 68/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or TPL better value right now?
As of Nov 6, 2026, TPL looks like the better value: its fair-value estimate is 23% below its share price (overvalued). For CVX, its fair-value estimate is 53% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.