Computed head-to-head · 6 dimensions

COP vs CVX

Conoco Phillips versus Chevron Corporation — yield, safety, growth trend, cost, scale, and tax treatment.

CVX wins 3–2 on our six-dimension comparison, but COP can still be the better fit depending on your priorities — see each dimension below.

Scorecard at a glance

Dimension	COP	CVX	Winner
Yield	2.88%	3.71%	CVX wins
Dividend safety	7.8/10	6.5/10	COP wins
Growth trend	+0.41% vs 5y	-0.30% vs 5y	CVX wins
Volatility (beta)	0.15	0.49	COP wins
Scale	$142.0B	$383.0B	CVX wins
Tax efficiency	Qualified-eligible	Qualified-eligible	Tie
Overall	2 wins	3 wins	CVX wins

Dimension by dimension

CVX wins on yield (3.71% vs 2.88%)

On a $10,000 investment that's about $83 more in annual dividend income before taxes — though higher yield often comes with higher risk.

CVX's higher yield (3.71%) looks attractive but investors should weigh whether the extra income compensates for any additional risk versus COP's 2.88% — especially if the higher yield is driven by covered calls or a falling share price.

COP: 2.88%CVX: 3.71%

COP wins on safety (7.8/10 vs 6.5/10)

Our score combines yield zone, payout ratio, trend vs 5-year average, instrument type, and size. COP scores better on the weighted average of those factors.

COP (7.8/10) scores 1.3 points higher than CVX (6.5/10). A higher safety score means lower historical indicators of dividend cut risk — payout ratio, yield zone, and trend all factor in.

COP: 7.8/10CVX: 6.5/10

CVX shows healthier dividend-vs-price trend

CVX's yield is 0.30% below its 5y average, versus 0.41% for COP. Lower (or below-average) yield trend often means price appreciation outpaced distributions — a healthier signal.

COP: +0.41% vs 5yCVX: -0.30% vs 5y

COP is less volatile (beta 0.15 vs 0.49)

Lower beta means smaller swings vs the S&P 500 — generally a steadier hold for income investors.

COP: 0.15CVX: 0.49

CVX is 2.7× larger by market cap

Larger companies tend to have tighter spreads, deeper liquidity, and lower closure risk.

COP: $142.0BCVX: $383.0B

Both pay qualified-dividend-eligible distributions

Neither is structurally flagged for ordinary-income tax treatment. Most distributions should qualify for the lower long-term capital gains rate if holding-period requirements are met.

COP: Qualified-eligibleCVX: Qualified-eligible

How we compare these

Every comparison on this page is computed from current public data, not written by hand. Yield comes from the most recent dividend distribution annualized over current price. Safety scores combine yield zone, payout ratio, trend vs 5-year average, instrument type, and size — see our methodology for the exact formula. Tax-efficiency flags identify covered-call ETFs, REITs, and mREITs which distribute primarily as ordinary income.

This is educational, not investment advice.Scores reflect a snapshot of public data on the "as of" dates shown on each ticker's safety page. Verify on the issuer's investor relations page or your brokerage before making decisions.

Frequently asked

Which is better for income, COP or CVX?

CVX wins 3–2 on our six-dimension comparison, but COP can still be the better fit depending on your priorities — see each dimension below.

COP vs CVX: which has a higher dividend yield?

COP yields 2.88% and CVX yields 3.71%. On a $10,000 investment that's about $83 more in annual dividend income before taxes — though higher yield often comes with higher risk.

Is COP or CVX a safer dividend in 2026?

COP scores 7.8/10 (Solid) on the Infnits dividend safety scale. CVX scores 6.5/10 (Solid). COP is the safer pick on our scoring model.

Which has better dividend growth, COP or CVX?