CVX vs VLO: Which Is the Better Dividend Stock?
As of July 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. CVX offers the higher yield at 3.80%, VLO has the higher dividend-safety score, and CVX trades at the larger discount to fair value (-17%).
| Metric | CVX | VLO |
|---|---|---|
| Forward yield | 3.80% | 1.55% |
| Annual dividend | $7.12 | $4.80 |
| Payout ratio | 120% | 34% |
| Years of growth | 38 yr | 3 yr |
| 5-yr dividend growth | 5.8% | 2.9% |
| 5-yr total return | 94% | 367% |
| Dividend safety score | 86 (A) | 88 (A) |
| Fair value estimate | $154.80 | $246.85 |
| Upside to fair value | -17% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $93.0B |
| P/E ratio | 32.7 | 22.6 |
Higher yield
CVX
3.80%
Safer dividend
VLO
Grade A
Faster growth
CVX
5.8%
Better value
CVX
-17% upside
CVX vs VLO — FAQ
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