CVX vs VOC: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. VOC offers the higher yield at 17.22%, CVX has the higher dividend-safety score, and VOC trades at the larger discount to fair value (+216%).
| Metric | CVX | VOC |
|---|---|---|
| Forward yield | 3.35% | 17.22% |
| Annual dividend | $7.12 | $0.58 |
| Payout ratio | 67% | 100% |
| Years of growth | 38 yr | 0 yr |
| 5-yr dividend growth | 5.8% | 7.7% |
| 5-yr total return | 111% | -27% |
| Dividend safety score | 95 (A) | 49 (D) |
| Fair value estimate | $118.21 | $10.38 |
| Upside to fair value | -45% | +216% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | — |
| P/E ratio | 20.5 | 8.2 |
Higher yield
VOC
17.22%
Safer dividend
CVX
Grade A
Faster growth
VOC
7.7%
Better value
VOC
+216% upside
CVX vs VOC — FAQ
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