CVX vs WES: Which Is the Better Dividend Stock?
As of July 2026, WES (Western Midstream Partners, LP) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. WES offers the higher yield at 8.09%, CVX has the higher dividend-safety score, and WES trades at the larger discount to fair value (+74%).
| Metric | CVX | WES |
|---|---|---|
| Forward yield | 3.80% | 8.09% |
| Annual dividend | $7.12 | $3.72 |
| Payout ratio | 120% | 120% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 23.7% |
| 5-yr total return | 94% | 133% |
| Dividend safety score | 86 (A) | 52 (C) |
| Fair value estimate | $154.80 | $80.00 |
| Upside to fair value | -17% | +74% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $19.3B |
| P/E ratio | 32.7 | 15.1 |
Higher yield
WES
8.09%
Safer dividend
CVX
Grade A
Faster growth
WES
23.7%
Better value
WES
+74% upside
CVX vs WES — FAQ
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