XOM vs CVX: Which Is the Better Dividend Stock?
As of September 2026, CVX (Chevron Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. CVX offers the higher yield at 3.33%, CVX has the higher dividend-safety score, and CVX trades at the larger discount to fair value (-45%).
| Metric | XOM | CVX |
|---|---|---|
| Forward yield | 2.48% | 3.33% |
| Annual dividend | $4.12 | $7.12 |
| Payout ratio | 53% | 67% |
| Years of growth | 24 yr | 38 yr |
| 5-yr dividend growth | 2.8% | 5.8% |
| 5-yr total return | 182% | 111% |
| Dividend safety score | 92 (A) | 95 (A) |
| Fair value estimate | $88.67 | $118.08 |
| Upside to fair value | -47% | -45% |
| Frequency | quarterly | quarterly |
| Market cap | $682.5B | $419.9B |
| P/E ratio | 21.4 | 20.6 |
Higher yield
CVX
3.33%
Safer dividend
CVX
Grade A
Faster growth
CVX
5.8%
Better value
CVX
-45% upside
XOM vs CVX — FAQ
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