SmarterDividends

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%).

MetricDKLXOM
Forward yield8.18%2.80%
Annual dividend$4.49$4.12
Payout ratio141%68%
Years of growth12 yr24 yr
5-yr dividend growth4.4%2.8%
5-yr total return27%170%
Dividend safety score78 (B)87 (A)
Fair value estimate$133.06$131.52
Upside to fair value+142%-11%
Frequencyquarterlyquarterly
Market cap$2.9B$614.9B
P/E ratio17.324.8

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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