CVX vs TRP: Which Is the Better Dividend Stock?
As of Nov 6, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. TRP offers the higher yield at 4.01%, CVX has the higher dividend-safety score, and TRP looks like the better value (its fair-value estimate is 25% below its share price).
Key facts: CVX vs TRP
Data as of · Source: SmarterDividends data
- As of Nov 6, 2026, TC Energy Corporation (TRP) has the higher forward dividend yield at 4.01%, versus 3.34% for Chevron Corporation (CVX).
- As of Nov 6, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and TRP's C (52/100).
- By SmarterDividends' count as of Nov 6, 2026, CVX has raised its dividend for 38 consecutive years and TRP for 0.
- As of Nov 6, 2026, CVX pays out 67% of its earnings as dividends and TRP pays out 98%.
- As of Nov 6, 2026, CVX's fair-value estimate is 53% below its share price and TRP's fair-value estimate is 25% below its share price, so TRP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs TRP: Dividend Yield, Safety & Value Compared," updated Nov 6, 2026, https://smarterdividends.com/compare/cvx-vs-trp
| Metric | CVX | TRP |
|---|---|---|
| Forward yield | 3.34% | 4.01% |
| Annual dividend | $7.12 | $2.51 |
| Payout ratio | 67% | 98% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 2.0% |
| 5-yr total return | 109% | 37% |
| Dividend safety score | 96 (A) | 52 (C) |
| Fair value estimate | $99.92 | $46.90 |
| Upside to fair value | -53% | -25% |
| Frequency | quarterly | quarterly |
| Market cap | $415.4B | $65.2B |
| P/E ratio | 15.6 | 23.4 |
Higher yield
TRP
4.01%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
TRP
-25% upside
CVX vs TRP — FAQ
Is CVX or TRP a better dividend stock?
On the data, CVX wins more head-to-head categories (6 vs 2). TRP offers the higher yield (4.01%), 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 TRP?
TRP has the higher forward dividend yield at 4.01%, versus 3.34% for CVX.
Is CVX or TRP safer?
CVX has the higher dividend-safety score (96/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or TRP better value right now?
As of Nov 6, 2026, TRP looks like the better value: its fair-value estimate is 25% 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.