CVX vs WMB: Which Is the Better Dividend Stock?
As of Nov 5, 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.28%, CVX has the higher dividend-safety score, and WMB looks like the better value (its fair-value estimate is 25% below its share price).
Key facts: CVX vs WMB
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.28%, versus 3.09% for The Williams Companies, Inc. (WMB).
- As of Nov 5, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and WMB's B (71/100).
- By SmarterDividends' count as of Nov 5, 2026, CVX has raised its dividend for 38 consecutive years and WMB for 8.
- As of Nov 5, 2026, CVX pays out 67% of its earnings as dividends and WMB pays out 82%.
- As of Nov 5, 2026, CVX's fair-value estimate is 55% below its share price and WMB's fair-value estimate is 25% below its share price, so WMB looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs WMB: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/cvx-vs-wmb
| Metric | CVX | WMB |
|---|---|---|
| Forward yield | 3.28% | 3.09% |
| Annual dividend | $7.12 | $2.10 |
| Payout ratio | 67% | 82% |
| Years of growth | 38 yr | 8 yr |
| 5-yr dividend growth | 5.8% | 4.6% |
| 5-yr total return | 109% | 178% |
| Dividend safety score | 96 (A) | 71 (B) |
| Fair value estimate | $99.92 | $49.91 |
| Upside to fair value | -55% | -25% |
| Frequency | quarterly | quarterly |
| Market cap | $429.3B | $82.8B |
| P/E ratio | 16.2 | 26.1 |
Higher yield
CVX
3.28%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
WMB
-25% upside
CVX vs WMB — FAQ
Is CVX or WMB a better dividend stock?
On the data, CVX wins more head-to-head categories (6 vs 2). CVX offers the higher yield (3.28%), 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 WMB?
CVX has the higher forward dividend yield at 3.28%, versus 3.09% for WMB.
Is CVX or WMB safer?
CVX has the higher dividend-safety score (96/100 vs 71/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or WMB better value right now?
As of Nov 5, 2026, WMB looks like the better value: its fair-value estimate is 25% below its share price (overvalued). For CVX, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.