MPLX vs XOM: Which Is the Better Dividend Stock?
As of July 2026, MPLX and XOM are closely matched. MPLX offers the higher yield at 7.55%, XOM has the higher dividend-safety score, and MPLX trades at the larger discount to fair value (+82%).
| Metric | MPLX | XOM |
|---|---|---|
| Forward yield | 7.55% | 2.80% |
| Annual dividend | $4.31 | $4.12 |
| Payout ratio | 88% | 68% |
| Years of growth | 4 yr | 24 yr |
| 5-yr dividend growth | 7.5% | 2.8% |
| 5-yr total return | 103% | 170% |
| Dividend safety score | 79 (B) | 87 (A) |
| Fair value estimate | $103.68 | $131.52 |
| Upside to fair value | +82% | -11% |
| Frequency | quarterly | quarterly |
| Market cap | $58.0B | $614.9B |
| P/E ratio | 12.3 | 24.8 |
Higher yield
MPLX
7.55%
Safer dividend
XOM
Grade A
Faster growth
MPLX
7.5%
Better value
MPLX
+82% upside
MPLX vs XOM — FAQ
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