CVX vs TRP: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TRP offers the higher yield at 4.06%, CVX has the higher dividend-safety score, and TRP trades at the larger discount to fair value (-23%).
| Metric | CVX | TRP |
|---|---|---|
| Forward yield | 3.40% | 4.06% |
| Annual dividend | $7.12 | $2.50 |
| Payout ratio | 67% | 98% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 2.0% |
| 5-yr total return | 83% | 14% |
| Dividend safety score | 95 (A) | 61 (C) |
| Fair value estimate | $116.68 | $47.18 |
| Upside to fair value | -44% | -23% |
| Frequency | quarterly | quarterly |
| Market cap | $411.0B | $64.1B |
| P/E ratio | 20.2 | 24.5 |
Higher yield
TRP
4.06%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
TRP
-23% upside
CVX vs TRP — FAQ
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