MPC vs XOM: Which Is the Better Dividend Stock?
As of September 2026, MPC and XOM are closely matched. XOM offers the higher yield at 2.52%, XOM has the higher dividend-safety score, and MPC trades at the larger discount to fair value (-30%).
| Metric | MPC | XOM |
|---|---|---|
| Forward yield | 0.94% | 2.52% |
| Annual dividend | $4.00 | $4.12 |
| Payout ratio | 14% | 53% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 10.0% | 2.8% |
| 5-yr total return | 544% | 154% |
| Dividend safety score | 89 (A) | 92 (A) |
| Fair value estimate | $295.43 | $88.66 |
| Upside to fair value | -30% | -46% |
| Frequency | quarterly | quarterly |
| Market cap | $124.0B | $672.5B |
| P/E ratio | 14.7 | 21.0 |
Higher yield
XOM
2.52%
Safer dividend
XOM
Grade A
Faster growth
MPC
10.0%
Better value
MPC
-30% upside
MPC vs XOM — FAQ
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