XOM vs CVX
The two big US integrated oil majors — both Dividend Aristocrats, compared on yield and payout durability. Here’s how XOM and CVX compare for dividend investors — with a calculator for each so you can model the income yourself.
XOM
Exxon Mobil Corporation
- Type
- Dividend-growth stock
- Issuer
- ExxonMobil
- Pays
- quarterly
ExxonMobil is the largest US integrated oil and gas company, with global upstream, refining, and chemicals operations. It is a Dividend Aristocrat with a multi-decade streak of annual dividend increases and a very long history of uninterrupted payouts.
XOM dividend calculatorCVX
Chevron Corporation
- Type
- Dividend-growth stock
- Issuer
- Chevron
- Pays
- quarterly
Chevron is one of the largest US integrated oil and gas majors, with operations spanning exploration, production, refining, and chemicals. It is a Dividend Aristocrat, having increased its dividend for over 25 consecutive years.
CVX dividend calculatorXOM vs CVX dividend, side by side
Current dividend figures for XOM and CVX as of Oct 13, 2026. Yields and payouts change — verify the latest numbers with your broker before investing.
XOM vs CVX at a glance
| XOM | CVX | |
|---|---|---|
| Company | ExxonMobil Holdings Corporation | Chevron Corporation |
| Quarterly dividend | $1.03 | $1.78 |
| Trailing dividend yield | 2.39% (Oct 13, 2026) | 3.31% (Oct 13, 2026) |
| Years of dividend growth | 43 through 2025 (company figure) | Yearly totals up every year since 1988 |
| Dividend growth, 2015 to 2025 | 3.3% a year | 4.8% a year |
| Q2 2026 earnings per share | $3.48 | $6.11 |
| Q2 2026 dividends paid | $4.3 billion | $3.5 billion |
| Q2 2026 buybacks | $5.1 billion | $3.1 billion |
Dividend figures are per share, grouped by ex-dividend date and checked against public payment records. Company figures come from each company’s second-quarter 2026 results.
XOM vs CVX dividend growth by year
| Year | XOM | CVX |
|---|---|---|
| 2025 | +4.17% | +4.91% |
| 2024 | +4.35% | +7.95% |
| 2023 | +3.66% | +6.34% |
| 2022 | +1.72% | +6.97% |
| 2021 | +0.29% | +2.91% |
| 2020 | +1.46% | +8.40% |
| 2019 | +6.19% | +6.25% |
| 2018 | +5.56% | +3.70% |
| 2017 | +2.68% | +0.70% |
| 2016 | +3.47% | +0.23% |
Change in dividends paid per share from the year before, from each company’s verified payment history. The faster grower each year is marked.
Two oil majors, one dividend habit
ExxonMobil and Chevron are two of the largest U.S. oil companies, and both have raised their dividends every year for decades. ExxonMobil says it has grown its yearly dividend for 43 years in a row through 2025. Chevron’s yearly payout has risen every year since 1988 in the records checked for this page.
There is one structural change to know about. On July 1, 2026, ExxonMobil moved its legal home from New Jersey to Texas. Each old share became one share of ExxonMobil Holdings Corporation, which still trades as XOM. Holders kept the same number of shares and the same dividend.
Which pays more?
Chevron pays a higher dividend per share: $1.78 a quarter against ExxonMobil’s $1.03. In the year to Oct 13, 2026, XOM yielded about 2.39%. CVX yielded about 3.31%.
In dollars, $10,000 in XOM paid roughly $239 over that year, and $10,000 in CVX roughly $331.
Dividend growth: Chevron has raised faster lately
From 2015 to 2025, Chevron’s dividend per share grew about 4.8% a year and ExxonMobil’s about 3.3%. Year by year, Chevron grew faster in 2019, 2020, 2021, 2022, 2023, 2024 and 2025, and ExxonMobil in the other 3.
Chevron’s biggest lead was 2020 (8.40% against 1.46%), a gap of 6.94 percentage points. ExxonMobil’s best year by comparison was 2016 (3.47% against 0.23%). In 2021 ExxonMobil’s payout barely moved, while Chevron kept raising. Both have recently raised about 4% a year.
Earnings, cash and buybacks in 2026
Both had a strong second quarter of 2026. ExxonMobil earned $3.48 a share and made $17.2 billion of free cash flow. It paid $4.3 billion in dividends and bought back $5.1 billion of stock.
Chevron earned $6.11 a share on $22.6 billion of operating cash flow. It paid $3.5 billion in dividends and bought back $3.1 billion. Its production was 20% higher than a year earlier, largely thanks to assets from its purchase of Hess.
Berkshire Hathaway and Chevron
Warren Buffett’s Berkshire Hathaway owns a big Chevron stake. Its filing showed about 84.4 million shares at the end of June 2026. Berkshire does not explain its reasons in that filing, so this page does not guess at them.
Dividend histories come from the researched XOM and CVX guides, each checked against three public payment records. Company figures come from each company’s SEC filings for the second quarter of 2026 and ExxonMobil’s July 2026 filing on its move to Texas. Last checked Oct 16, 2026. Sources: SEC — ExxonMobil redomiciliation to Texas (Jul 1, 2026); SEC — ExxonMobil second-quarter 2026 results (Jul 31, 2026); SEC — Chevron second-quarter 2026 results (Jul 31, 2026); stockanalysis.com — XOM dividend history; stockanalysis.com — CVX dividend history. Past returns do not predict future ones. Not financial advice.
Related dividend guides
How XOM and CVX differ
XOM — ExxonMobil is the largest US integrated oil and gas company, with global upstream, refining, and chemicals operations. It is a Dividend Aristocrat with a multi-decade streak of annual dividend increases and a very long history of uninterrupted payouts.
CVX — Chevron is one of the largest US integrated oil and gas majors, with operations spanning exploration, production, refining, and chemicals. It is a Dividend Aristocrat, having increased its dividend for over 25 consecutive years.
In practice the choice comes down to your goal. XOM suits an investor who wants income from this strategy, while CVX suits one who wants income from this strategy. The two are not mutually exclusive — plenty of portfolios hold a growth-oriented fund and an income-oriented one together. What matters is matching each to its job and not judging a fund on its headline yield alone.
Rather than compare a single snapshot yield (which moves daily), open each calculator and enter current figures: the XOM calculator and the CVX calculator. To compare long-term compounding head to head, run the same contributions through the dividend reinvestment calculator with each fund’s assumptions.
XOM vs CVX FAQ
- Which is a better investment, CVX or XOM?
- This page does not give advice. Chevron pays more per share and has raised faster since 2015. ExxonMobil bought back more stock in mid-2026, and its 43-year streak is the longer one.
- Did ExxonMobil change its ticker after moving to Texas?
- No. Shares of the new Texas holding company kept trading as XOM, and each old share became one new share.
- Who is Exxon’s biggest competitor?
- In the U.S., Chevron is the closest match in size. Exxon also measures itself against BP, Shell and TotalEnergies.
- What size XOM or CVX stake pays $1,000 a month?
- At trailing yields from Oct 13, 2026, about $502,092 in XOM or $362,538 in CVX. Both pay quarterly.
- What's the main difference between XOM and CVX?
- XOM is a dividend-growth stock from ExxonMobil; CVX is a dividend-growth stock from Chevron. The two big US integrated oil majors — both Dividend Aristocrats, compared on yield and payout durability.
- Does XOM or CVX pay more dividends?
- As of Oct 13, 2026, XOM yields about 2.39% and CVX about 3.31%, so CVX currently pays the higher yield. XOM pays quarterly; CVX pays quarterly. Yields move daily, so verify current figures and use the calculators below to model the income yourself. Higher-yield funds pay more today, while dividend-growth funds start lower and raise the payout over time.
- Which is better, XOM or CVX?
- Neither is universally better — they suit different goals. XOM fits an investor who wants income from this strategy; CVX fits one who wants income from this strategy. Match the fund to your objective, time horizon, and tax situation, and consider a licensed advisor.
- Can I hold both XOM and CVX?
- Many investors do, to blend current income with growth. Just be aware of overlap — if both hold similar large-cap US stocks, you may be less diversified than the two tickers suggest.