CVX vs WES: Which Is the Better Dividend Stock?
As of Oct 27, 2026, CVX and WES are closely matched. WES offers the higher yield at 8.24%, CVX has the higher dividend-safety score, and WES looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: CVX vs WES
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Western Midstream Partners, LP (WES) has the higher forward dividend yield at 8.24%, versus 3.07% for Chevron Corporation (CVX).
- As of Oct 27, 2026, SmarterDividends grades CVX's dividend safety A (95/100) and WES's C (54/100).
- By SmarterDividends' count as of Oct 27, 2026, CVX has raised its dividend for 38 consecutive years and WES for 5.
- As of Oct 27, 2026, CVX pays out 67% of its earnings as dividends and WES pays out 116%.
- As of Oct 27, 2026, CVX's fair-value estimate is 52% below its share price and WES's fair-value estimate is 65% above its share price, so WES looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs WES: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/cvx-vs-wes
| Metric | CVX | WES |
|---|---|---|
| Forward yield | 3.07% | 8.24% |
| Annual dividend | $7.12 | $3.72 |
| Payout ratio | 67% | 116% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 23.7% |
| 5-yr total return | 107% | 135% |
| Dividend safety score | 95 (A) | 54 (C) |
| Fair value estimate | $111.37 | $74.55 |
| Upside to fair value | -52% | +65% |
| Frequency | quarterly | quarterly |
| Market cap | $455.1B | $18.7B |
| P/E ratio | 22.3 | 14.3 |
Higher yield
WES
8.24%
Safer dividend
CVX
Grade A
Faster growth
WES
23.7%
Better value
WES
+65% upside
CVX vs WES — FAQ
Is CVX or WES a better dividend stock?
CVX and WES are closely matched. WES has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or WES?
WES has the higher forward dividend yield at 8.24%, versus 3.07% for CVX.
Is CVX or WES safer?
CVX has the higher dividend-safety score (95/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or WES better value right now?
As of Oct 27, 2026, WES looks like the better value: its fair-value estimate is 65% above its share price (undervalued). For CVX, its fair-value estimate is 52% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.