DKL vs XOM: Which Is the Better Dividend Stock?
As of July 2026, DKL and XOM are closely matched. DKL offers the higher yield at 8.18%, XOM has the higher dividend-safety score, and DKL trades at the larger discount to fair value (+142%).
| Metric | DKL | XOM |
|---|---|---|
| Forward yield | 8.18% | 2.80% |
| Annual dividend | $4.49 | $4.12 |
| Payout ratio | 141% | 68% |
| Years of growth | 12 yr | 24 yr |
| 5-yr dividend growth | 4.4% | 2.8% |
| 5-yr total return | 27% | 170% |
| Dividend safety score | 78 (B) | 87 (A) |
| Fair value estimate | $133.06 | $131.52 |
| Upside to fair value | +142% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $2.9B | $614.9B |
| P/E ratio | 17.3 | 24.8 |
Higher yield
DKL
8.18%
Safer dividend
XOM
Grade A
Faster growth
DKL
4.4%
Better value
DKL
+142% upside
DKL vs XOM — FAQ
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