MPLX vs XOM: Which Is the Better Dividend Stock?
As of Oct 27, 2026, MPLX and XOM are closely matched. MPLX offers the higher yield at 7.34%, XOM has the higher dividend-safety score, and MPLX looks like the better value (its fair-value estimate is 64% above its share price).
Key facts: MPLX vs XOM
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, MPLX LP (MPLX) has the higher forward dividend yield at 7.34%, versus 2.23% for ExxonMobil Holdings Corporation (XOM).
- As of Oct 27, 2026, SmarterDividends grades MPLX's dividend safety A (80/100) and XOM's A (92/100).
- By SmarterDividends' count as of Oct 27, 2026, MPLX has raised its dividend for 4 consecutive years and XOM for 24.
- As of Oct 27, 2026, MPLX pays out 90% of its earnings as dividends and XOM pays out 53%.
- As of Oct 27, 2026, MPLX's fair-value estimate is 64% above its share price and XOM's fair-value estimate is 55% below its share price, so MPLX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "MPLX vs XOM: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/mplx-vs-xom
| Metric | MPLX | XOM |
|---|---|---|
| Forward yield | 7.34% | 2.23% |
| Annual dividend | $4.31 | $4.12 |
| Payout ratio | 90% | 53% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 7.5% | 2.8% |
| 5-yr total return | 102% | 206% |
| Dividend safety score | 80 (A) | 92 (A) |
| Fair value estimate | $96.05 | $83.10 |
| Upside to fair value | +64% | -55% |
| Frequency | quarterly | quarterly |
| Market cap | $59.5B | $758.8B |
| P/E ratio | 12.6 | 23.8 |
Higher yield
MPLX
7.34%
Safer dividend
XOM
Grade A
Faster growth
MPLX
7.5%
Better value
MPLX
+64% upside
MPLX vs XOM — FAQ
Is MPLX or XOM a better dividend stock?
MPLX and XOM are closely matched. MPLX has the higher yield; XOM scores better on safety.
Which has a higher dividend yield, MPLX or XOM?
MPLX has the higher forward dividend yield at 7.34%, versus 2.23% for XOM.
Is MPLX or XOM safer?
XOM has the higher dividend-safety score (92/100 vs 80/100), reflecting stronger payout coverage and dividend-growth history.
Is MPLX or XOM better value right now?
As of Oct 27, 2026, MPLX looks like the better value: its fair-value estimate is 64% above its share price (undervalued). For XOM, its fair-value estimate is 55% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.