CVX vs XOM: Which Is the Better Dividend Stock?
As of July 2026, CVX and XOM are closely matched. CVX offers the higher yield at 3.80%, XOM has the higher dividend-safety score, and XOM trades at the larger discount to fair value (-11%).
| Metric | CVX | XOM |
|---|---|---|
| Forward yield | 3.80% | 2.80% |
| Annual dividend | $7.12 | $4.12 |
| Payout ratio | 120% | 68% |
| Years of growth | 38 yr | 24 yr |
| 5-yr dividend growth | 5.8% | 2.8% |
| 5-yr total return | 94% | 170% |
| Dividend safety score | 86 (A) | 87 (A) |
| Fair value estimate | $154.80 | $131.52 |
| Upside to fair value | -17% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $614.9B |
| P/E ratio | 32.7 | 24.8 |
Higher yield
CVX
3.80%
Safer dividend
XOM
Grade A
Faster growth
CVX
5.8%
Better value
XOM
-11% upside
CVX vs XOM — FAQ
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