DVN vs XOM: Which Is the Better Dividend Stock?
As of Oct 25, 2026, DVN and XOM are closely matched. DVN offers the higher yield at 2.49%, XOM has the higher dividend-safety score, and DVN looks like the better value (its fair-value estimate is 10% below its share price).
Key facts: DVN vs XOM
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, Devon Energy Corporation (DVN) has the higher forward dividend yield at 2.49%, versus 2.25% for ExxonMobil Holdings Corporation (XOM).
- As of Oct 25, 2026, SmarterDividends grades DVN's dividend safety B (66/100) and XOM's A (92/100).
- By SmarterDividends' count as of Oct 25, 2026, DVN has raised its dividend for 0 consecutive years and XOM for 24.
- As of Oct 25, 2026, DVN pays out 23% of its earnings as dividends and XOM pays out 53%.
- As of Oct 25, 2026, DVN's fair-value estimate is 10% below its share price and XOM's fair-value estimate is 54% below its share price, so DVN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DVN vs XOM: Dividend Yield, Safety & Value Compared," updated Oct 25, 2026, https://smarterdividends.com/compare/dvn-vs-xom
| Metric | DVN | XOM |
|---|---|---|
| Forward yield | 2.49% | 2.25% |
| Annual dividend | $1.28 | $4.12 |
| Payout ratio | 23% | 53% |
| Years of growth | 0 yr | 24 yr |
| 5-yr dividend growth | 18.0% | 2.8% |
| 5-yr total return | 22% | 206% |
| Dividend safety score | 66 (B) | 92 (A) |
| Fair value estimate | $46.29 | $83.53 |
| Upside to fair value | -10% | -54% |
| Frequency | quarterly | quarterly |
| Market cap | $56.5B | $753.3B |
| P/E ratio | 11.2 | 23.6 |
Higher yield
DVN
2.49%
Safer dividend
XOM
Grade A
Faster growth
DVN
18.0%
Better value
DVN
-10% upside
DVN vs XOM — FAQ
Is DVN or XOM a better dividend stock?
DVN and XOM are closely matched. DVN has the higher yield; XOM scores better on safety.
Which has a higher dividend yield, DVN or XOM?
DVN has the higher forward dividend yield at 2.49%, versus 2.25% for XOM.
Is DVN or XOM safer?
XOM has the higher dividend-safety score (92/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is DVN or XOM better value right now?
As of Oct 25, 2026, DVN looks like the better value: its fair-value estimate is 10% below its share price (fairly valued). For XOM, its fair-value estimate is 54% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.